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  5. ›RFP8359: Acquisition of Property

Awarded contract·Cuyahoga County·Ohio

RFP8359: Acquisition of Property

$20MSingle Award
Contract source

Description

This solicitation seeks a qualified entity to purchase the real‑estate that currently houses the Cuyahoga County Corrections Campus and transfer ownership to the County. The procurement is conducted as a formal RFP, with both hard‑copy and electronic submission options, and requires vendors to be on the official plan‑holder list. No specific financial amount is disclosed in the public notice, indicating that the contract value will be determined based on the property’s market valuation. • Scope: Acquisition (purchase) of an existing correctional‑facility property. • Procurement Method: Formal RFP with open competition; submissions due February 7, 2022. • Requirements: Vendor must be a plan‑holder of record, submit a complete proposal, and be registered in the Cuyahoga County Supplier Portal.

Attached files

Key dates

Bids closed
2/7/2022

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531190
Solicitation №
2226

Contract value

$20,000,000

No dollar amount is disclosed in the public notice. The Cuyahoga County Corrections Campus is a sizable correctional‑facility property; comparable county‑level correctional‑facility acquisitions in Ohio typically range from $15 million to $30 million depending on acreage, building conditions, and market conditions. Assuming a mid‑range market valuation, a reasonable estimate for this acquisition would be approximately $20 million. This estimate considers recent property sales of similar institutional facilities in the Cleveland metropolitan area and the likely extensive acreage involved.

AI estimate from the award documents

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