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U.S. Department Of Veterans Affairs·Mississippi

Pearl, MS VISN Fee Unit Succeeding Lease

Closes 3/21/2025$1.5M – $2.5MRequest for Information
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Description

The Department of Veterans Affairs is seeking a succeeding lease for a term of 10 years, 5 years firm, at the current location in Pearl, MS. The required space is approximately 9,825 rentable square feet with 50 on-site parking spaces. The Government will consider alternative space if economically advantageous. The lease will be a full-service lease, and the Government will pay no more than the appraised fair market rental value for the space. Interested parties must submit information via email, including building name and address, space size, contact information, and Unique Entity ID Number. Key requirements include: • Space must be within the specified delineated area. • Properties must be outside the 100-year flood plain. • Offered space must not be located in close proximity to incompatible uses, residential neighborhoods, or industrial areas. • Space must be compatible with the VA's intended use and have amenities such as restaurants, hotels, and shopping nearby.

Attached files

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

Contact

Christina Richardson(Lease Contracting Specialist)

[email protected]

Key dates

Opened
3/17/2025
Questions due
3/19/2025
Closes
3/21/2025
Duration
10 years

Last updated

Details

Type
Request for Information
Industry
Real Estate
NAICS
531120
Solicitation №
36C25625Q0652

Budget estimate

$1,500,000 – $2,500,000

The budget for this opportunity can be estimated based on the required space size and the fair market rental value. Assuming an average rent of $20 per square foot, the total annual rent would be approximately $197,500. For a 10-year lease, the total budget would be around $1,975,000. However, this is a rough estimate and the actual budget may vary depending on the specific location, amenities, and other factors.

AI estimate from the solicitation

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