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National Aeronautics And Space Administration·Louisiana

AFP for Lease of Discovery Park at Michoud Assembly Facility

Closes 11/23/2026$10M – $15MRequest for Proposal
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Description

This NASA Announcement for Proposals (AFP) seeks commercial entities to lease portions of the Discovery Park real‑property assets at the Michoud Assembly Facility in New Orleans, Louisiana. Two assets are offered: approximately 45 acres of under‑utilized greenspace and a 32,000‑square‑foot mixed‑use building (Building 351). Proposers may lease either asset separately or both together, under an Enhanced Use Lease (EUL) with a minimum ten‑year term, 3 % annual rent escalation, and full responsibility for utility hookups, site improvements, environmental compliance, insurance, and ongoing operations. The solicitation requires detailed financial, technical, and economic impact proposals, with the highest FMV rent receiving preference.

Attached files

Contact

Cari Smith(Real Estate Contracting Officer)

[email protected]

Key dates

Opened
8/25/2026
Questions due
10/23/2026
Closes
11/23/2026
Duration
10 years

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
53
Solicitation №
AFP-MAF-DISOVERY-2026

Budget estimate

$10,000,000 – $15,000,000

The solicitation provides rent ranges: Building 351 – $7.44‑$10.62 per sf (≈ $238k‑$340k annually for 32,000 sf) and Greenspace – $14,487.50‑$16,805.50 per acre (≈ $652k‑$756k annually for 45 acres). Combined annual rent could therefore range from roughly $0.9 million to $1.1 million. Over the mandatory 10‑year base term, total rent payments are expected to be between $9 million and $11 million, with possible extensions and escalations pushing the total toward $12‑$15 million. This estimate excludes any additional reimbursable services the tenant may procure, which could raise the overall financial scope.

AI estimate from the solicitation

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