This Government Contract opportunity from Department Of Veterans Affairs was posted on September 29, 2021. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
X1DB--36C26321L0004 618 NEW Lease Mankato, MN CBOC Lease PoP: 10-year Firm, 10-year Non-Firm
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The Department of Veterans Affairs, Network Contract Office 23, has awarded a lease to Madison Victory Group LLC for a Community Based Outpatient Clinic located at 1400 Madison Ave., Ste. 502, Mankato, MN. The agreement covers 13,335 rentable square feet, providing 12,611 ANSI/BOMA office area square feet and 40 surface parking spaces, 20 of which are reserved. The total award amount is 11,814,575.30, which includes a lump sum payment of 3,184,163.00 for tenant improvements and FSL II BSAC upon the completion and acceptance of the buildout. The lease term is established for 20 years, with the first 10 years being firm. The VA maintains the option to terminate the lease after the firm term expires by providing 90 days written notice to the lessor. Rent commencement was planned for December 1, 2022, with a fully serviced annual rent schedule starting at 418,052.25 for years 1 through 5, increasing to 426,853.35 for years 6 through 10, 435,921.15 for years 11 through 15, and 445,255.65 for years 16 through 20.
General Info
Contract Value
$11,814,575.3Place of Performance
MNSet-Aside
Award Issued Date
Documents
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Timeline
Submission Closed
Organization & Contact Information
Full Description
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