This Government Contract opportunity from General Services Administration was posted on November 10, 2016. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Award of Office Lease
Contract Overview
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AI Contract Overview
Lease LFL00137 is an agreement between the General Services Administration and Bayou Property Company, LLP for office space located at the Bayou Corporate Center in Pensacola, Florida. The lease covers 2,262 rentable square feet with a total term of 10 years, consisting of a five-year firm term beginning April 1, 2017. The government maintains cancellation rights provided they give 120 days written notice to the lessor. The agreement includes eight parking spaces, with six allocated to OPM and two secured for FPS. The starting total annual rent is 81,137.94 dollars, with shell rent increasing from 22.00 dollars per rentable square foot in the first five years to 25.01 dollars in years six through ten. The financial terms include a total tenant improvement allowance of 65,300.00 dollars and a basic space allowance of 17,000.00 dollars, both amortized at a rate of 6.0 percent over 60 months. The facility provides 24/7/365 climate controlled HVAC at no additional overtime cost, and taxes are included within the shell rent.
General Info
Contract Value
$780,079.2Place of Performance
GASet-Aside
Award Issued Date
Documents
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Timeline
Submission Closed
Organization & Contact Information
Full Description
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