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  5. ›Ground Lease of State-Owned Property, 1 Prison Road, Jean, NV 89019

Nevada Department of Conservation and Natural Resources·Nevada

Ground Lease of State-Owned Property, 1 Prison Road, Jean, NV 89019

Closes 11/14/2024$5.4M – $100MRequest for Proposal
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Description

The Nevada Division of State Lands is soliciting proposals from qualified bidders to lease state-owned property in Clark County, Nevada. The subject property is located at 1 Prison Road, Jean, Nevada 89019, and includes a vacant 500-bed prison and an active medium-security conservation camp. The successful bidder will be granted an exclusive-use ground lease of the majority of the 94.57-acre property for a term of 49 years, with two 25-year options to extend. The minimum ground lease rate is $91,233.33 per month. The bidder will be responsible for constructing, operating, and maintaining their own facilities, and for paying all fees, taxes, and expenses associated with the property. • The property is located approximately 30 miles south of Las Vegas and east of I-15 in unincorporated Clark County. • The property includes a vacant prison complex with approximately 170,192 square feet of space, including housing units, administrative buildings, and other facilities. • The property also includes an active medium-security conservation camp, which houses low-level female offenders and is operated by the Nevada Department of Corrections and the Nevada Division of Forestry. • The successful bidder will be required to submit a complete bid package, including a company background, proposed use of the property, and financial disclosures. • The bidder will also be required to participate in an oral auction, and the highest bidder will be selected as the successful bidder.

Attached files

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

Contact

Ellery Stahler(Information Contact)

[email protected]

Key dates

Opened
9/26/2024
Questions due
10/18/2024
Closes
11/14/2024
Projected award
12/6/2024
Duration
49 years

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531110
Solicitation №
70CNR-S2990

Budget estimate

$5,380,000 – $100,000,000

The budget for this opportunity is estimated to be at least $91,233.33 per month, which is the minimum ground lease rate specified in the RFP. However, the actual budget could be higher, depending on the bid amount submitted by the successful bidder. Over the course of the 49-year lease term, the total budget could be in excess of $53 million. Additionally, the successful bidder will be responsible for paying all fees, taxes, and expenses associated with the property, which could add millions of dollars to the total budget. The budget is influenced by factors such as the bid amount, the length of the lease term, and the costs associated with maintaining and operating the property.

AI estimate from the solicitation

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