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U.S. Department Of Veterans Affairs·Washington

Request for Lease Proposals (RLP) for Olympia, WA CBOC

Closes 12/1/2026$50M – $150MRequest for Proposal
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Description

The Department of Veterans Affairs is seeking a service‑disabled veteran‑owned small business (SDVOSB) to lease a modern office/medical space in Olympia, WA for a Community‑Based Outreach Clinic (CBOC). The lease is for a total of 20 years (15‑year firm term with a 90‑day termination right thereafter) and includes a $7.1 M tenant‑improvement (TI) allowance for interior build‑out. The space must provide between 28,704 – 30,215 ABOA sq ft (maximum 33,992 RSF), 150 surface parking spaces, meet seismic, energy‑star, accessibility, fire‑protection, and security (Facility Security Level II) requirements, and be fully serviced (no triple‑net). The government will evaluate proposals on technical quality, qualifications, location, O&M plan, and schedule, with price secondary. • Lease of up to ~34 k RSF office/medical space with 150 outdoor parking spaces in Olympia, WA. • $7.1 M TI allowance; all operating, utilities, janitorial, and security services are included in a fully‑served lease. • Strict compliance required for seismic safety, ENERGY STAR labeling, floodplain, asbestos, accessibility, fire protection, and VA security standards. • SDVOSB set‑aside; award expected May 2026; offer deadline December 1 2026 (5 PM PT).

Attached files

Contact

Timothy Pavek(Broker Representative)

[email protected]

(925) 790-2134

Key dates

Opened
10/14/2026
Closes
12/1/2026
Projected award
5/1/2026
Duration
20 years

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531120
Solicitation №
36C24W26R0012

Budget estimate

$50,000,000 – $150,000,000

The award will generate substantial revenue over the 20‑year lease term. Assuming a market rent of roughly $200 per rentable square foot per year (typical for modern office/medical space in the Olympia market), the 33,992 RSF could yield about $6.8 M annually, plus the $7.1 M tenant‑improvement allowance (paid up‑front or amortized). Over 20 years, total cash flow could range from $80 M to $150 M after discounting, depending on rent escalations, operating‑cost adjustments, and any additional services. Therefore a reasonable ball‑park estimate for the contract’s value is $50 M–$150 M.

AI estimate from the solicitation

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