Notice of Award - Cottonwood Succeeding Lease
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The Department of Veterans Affairs has awarded a succeeding lease to the incumbent lessor for a facility in Arizona. The agreement provides 9,500 rentable square feet, resulting in 7,000 assignable square feet of usable area and 35 designated parking spaces. This award was processed under simplified lease acquisition procedures after a cost-benefit analysis indicated that competition would not recover the costs associated with relocation and duplication. The Lease Contracting Officer has verified that the rental rate is fair and reasonable for the government.
General Info
Contract Value
$3,292,320Place of Performance
AZ, 86326, USASet-Aside
Awardee
COTTONWOOD INDUSTRIAL LLCAward Issued Date
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Organization & Contact Information
Full Description
The Department of Veterans Affairs awarded a succeeding lease for 9,500 RSF, yeilding 7,000 ABOA SF, and 35 parking spaces. The succeeding lease was awarded to the incumbant lessor persuant to simplified lease acquisition procedures under GSAR 570.402-1(a) and 570.203-2. A cost-benefit analysis determined that the Government could not expect to recover relocation and uplication costs through competition. The Lease Contracting Officer determined the rental rate to be fair an reasonable to the Government.
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