This Government Contract opportunity from General Services Administration was posted on March 5, 2020. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Award Notice for North Charleston, SC - 8SC2168 - USMS
Contract Overview
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The General Services Administration has awarded a new lease to Drake/Faber V, LLC for the United States Marshals Service in North Charleston, South Carolina. The agreement covers 4,136 rentable square feet, providing a minimum of 3,566 ANSI/BOMA office area square feet. The lease term spans 15 years, beginning April 1, 2020, and ending March 31, 2035, with the first 10 years designated as firm. The government maintains the option to terminate the lease after March 31, 2030, provided a 90-day written notice is given to the lessor. Financial terms for the fully serviced lease vary over the duration of the contract. Following an initial period of no rent from April 1, 2020, through July 31, 2020, the annual rent is set at 150,817.87 dollars from August 1, 2020, through March 31, 2030. For the final period from April 1, 2030, through March 31, 2035, the annual rent adjusts to 142,819.125 dollars. These payments include a consistent annual operating rent of 20,104.00 dollars for the full 15 years, while the shell rental is 107,491.60 dollars annually for the first 10 years and increases to 122,715.12 dollars annually for years 11 through 15.
General Info
Contract Value
$2,172,001.68Place of Performance
DCSet-Aside
Award Issued Date
Documents
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Timeline
Submission Closed
Organization & Contact Information
Full Description
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