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U.S. Department Of Veterans Affairs·Tennessee

250 Glenis Succeeding Lease

Closes 3/25/2025$1.5M – $3MSole Source
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Description

The Department of Veterans Affairs is seeking a real property succeeding lease contract for 7,360 rentable square feet (RSF) with a minimum of 12 parking spaces. The lease term requirement is for a total of ten (10) years, five (5) years firm, and five (5) years non-firm. The leased space shall be in an area bordered by specific boundaries. SDVOSB and VOSB firms are invited to provide information to contribute to the market research for this project. Key requirements include: • 7,360 rentable square feet (RSF) of medical office and related space • Minimum of 12 parking spaces • Lease term of 10 years (5 years firm, 5 years non-firm) • Location within specified boundaries • SDVOSB and VOSB firms must be registered in VA’s Vendor Information Pages (VIP) site and have the technical skills and financial capabilities necessary to perform the stated requirements.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Martin Frazier(Contracting Officer)

[email protected]

(615) 225-6960

Key dates

Opened
3/16/2025
Closes
3/25/2025
Duration
10 years

Last updated

Details

Type
Sole Source
Industry
Real Estate
NAICS
531120
Solicitation №
36C24926R0001

Budget estimate

$1,500,000 – $3,000,000

The budget for this opportunity is likely to be the appraised fair rental value for the space, which is not specified in the document. However, based on the requirements for 7,360 rentable square feet (RSF) of medical office and related space, the budget could be estimated to be in the range of $150,000 to $300,000 per year, depending on the location and market conditions. The total budget for the 10-year lease term could be estimated to be in the range of $1.5 million to $3 million.

AI estimate from the solicitation

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