This Government Contract opportunity from Department Of Veterans Affairs was posted on March 5, 2021. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
X1AA--36C26321L0003 703 New-Replacing Lease Sioux Falls, SD Vet Center Lease PoP: 5-year Firm, 15-year Non-firm
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The Department of Veterans Affairs, Network Contract Office 23, has awarded a lease contract to Robert Wuttke for the Readjustment Counseling Services Veteran Center located at 5020 S. Broadband Lane, Unit 1, Sioux Falls, SD 57108-2318. The agreement covers 5,841 rentable square feet, providing a minimum of 5,431 ANSI/BOMA office area square feet and 30 surface parking spaces, 15 of which are reserved. The total award amount is 3,436,383.88 dollars, with rent commencement planned for December 1, 2021. Financial provisions include 313,367.73 dollars for tenant improvements and 26,410.00 dollars for FSL II BSAC, both payable as lump sums upon buildout completion and acceptance. The lease structure consists of a 20-year total term, featuring a 5-year firm period followed by three 5-year non-firm renewal options. Annual rent for the first five years is set at 143,688.60 dollars, comprising 98,245.62 dollars in shell rent and 45,442.98 dollars in operating costs, with scheduled increases occurring in each subsequent five-year block. The Department of Veterans Affairs maintains the right to terminate the lease following the initial firm term by providing the lessor with 180 days written notice.
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Contract Value
$3,436,383.88Place of Performance
MNSet-Aside
Award Issued Date
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Submission Closed
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Full Description
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