This Government Contract opportunity was posted on February 10, 2016. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Govt Lease, Mandeville, LA
Contract Overview
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The General Services Administration Greater Southwest Region has awarded a lease contract to Cottonwood Investments, LLC for approximately 7,903 ANSI/BOMA Office Area square feet of office space located at 68423 James St, Mandeville, LA. The total contract value is $2,311,994.13 for a 10-year term, which includes seven firm years. The financial structure of the agreement features a total rate of $25.69 per square foot, comprising $17.85 for shell rent, $6.48 for operating costs, $1.19 for TIA amortization, and $0.17 for lessor overhead and fees. The contract is subject to a 2.50% escalation rate for both rent and parking, with a discount rate of 5.00% and a composite net present value of $20.12 per square foot.
General Info
Agency
Contract Value
$2,311,944.13Place of Performance
819 Taylor Street, Suite 11B, Fort Worth, TN, 76102, USASet-Aside
Award Issued Date
Documents
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Timeline
Submission Closed
Organization & Contact Information
Full Description
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