2CA1654__(JOFOC)_or_SLAT-level_Memo_to_File_REDACTED.pdf
PDF 100 KB Posted
- Solicitation number
- 2CA1654
About this file
This is a Memorandum to the File Explaining the Absence of Competition for a GSA office lease succession in Victorville, California. The General Services Administration intends to execute a 15-year succeeding lease with the incumbent lessor for 2,638 ABOA/2,917 rentable square feet of office space currently held under lease number GS-09P-LCA03360. The existing lease expires September 14, 2025, and will be renewed without full and open competition pursuant to GSAR 570.402. Market analysis using CoStar data indicates the proposed rental rate falls within the competitive market range for the delineated area and is deemed fair and reasonable. GSA identified three potentially acceptable alternative locations within the area; however, GSA determined that remaining at the current location serves the government's best interest because relocating to any alternative site would require the occupying agency to incur move and replication costs that would not be recovered through competitive bidding. The incumbent lessor has been confirmed as responsive, and the occupying agency is satisfied with the existing space. The lease is estimated to be below the Single Lease Aggregate Threshold (SLAT). This memorandum was prepared and approved by the Lease Contracting Officer on March 11, 2024.
View the file
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
Text version
3/11/2024
MEMORANDUM TO THE FILE EXPLAINING THE ABSENCE OF COMPETITION
AGENCY NAME:
SUBJECT: Succeeding Lease
The General Services Administration currently leases 2,638 ABOA/ 2,917 rentable square feet
(RSF) of office space at under lease number GS-09P-LCA03360 for the . The current lease has a rental rate of per year and expires 09/14/2025. GSA intends to complete a succeeding lease for the lease for 15 years with the incumbent Lessor for the same square footage without full and open competition for continued occupancy at this leased location per GSAR 570.402: Succeeding Leases..
The is satisfied with the leased space and the GSA Lease Administration Manager confirmed the Lessor is responsive.
An analysis of the market in Victorville, CA showed the rental rate within the delineated area ranges from . Source: CoStar
The lease is estimated to be below SLAT. The estimated average annual amount of rent for the term of the lease, including option periods and excluding the costs of services is
This rental rate is in line with the market range and is deemed fair and reasonable by the GSA Lease Contracting Officer. Rents grew by 5.4% over the past 12 months, easily exceeding the 3.6% average annual change over the past decade.
GSA conducted market research using CoStar and identified 3 potentially acceptable locations
(3 plus the incumbent) that might meet the agency’s needs within the delineated. However, it is in the best interest of the Government to remain at the current location since award to other than the current Lessor would require relocation of the entire requirement and would cause the to incur move and replication costs that would not be recovered through competition.
File details come from the government source that posted it. Updated .