6PR0176 - JOTFOC Memo Redacted.pdf
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- Solicitation number
- 6PR0176
About this file
This is a Memorandum to the File documenting a lease extension justification for federal real property.
The document addresses Lease No. LPR19226 for approximately 4,048 rentable square feet (3,520 ANSI BOMA Office Area square feet) of office space located at REXCO Industrial Park Building, State Road 165, Guaynabo, Puerto Rico 00968. The current lease expires on November 14, 2026, and the justification authorizes negotiation of a 48-month extension with a 24-month firm commitment with the existing lessor. The extension is being pursued as a noncompetitive action under the Simplified Lease Acquisition Threshold (SLAT) program, as the anticipated annual cost falls below the $350,000 net annual threshold and therefore does not require a formal justification for other than full and open competition. The Leasing Contracting Officer determined the extension is operationally necessary to provide the agency sufficient time to finalize requirements and plan, procure, design, and construct space for follow-on leasing actions.
The Contracting Officer certified that anticipated costs for shell and operating expenses per rentable square foot are fair and reasonable based on market research conducted using CoStar and PropertyShark data. Analysis of three comparable market locations revealed rental rates within a specified range, with an average rate identified. The proposed rental rate falls within this market range and was determined to be fair and reasonable. The memorandum was signed by Bryan Cucinotta, Leasing Specialist, and Thomas Landron Morales, Leasing Contracting Officer, both dated September 18, 2026.
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Text version
MEMORANDUM TO THE FILE
LEASE NO. LPR19226
TO: THE FILE
FROM: BRYAN CUCINOTTA
SUBJECT: 6PR0176
DATE: 9/17/2026
CC: THOMAS LANDRON MORALES
Agency:
Lease Location: REXCO Industrial Park Building
State Road 165, Street 1 REXCO Industrial Park Guaynabo, PR 00968
Proposed Term: This Justification is being enacted to negotiate a forty-eight (48) month full, twenty-four (24) month firm lease extension with the current Lessor.
Justification Plan: The lease extension for falls below the $350,000 net annual Simplified Lease Acquisition Threshold (SLAT). As a result, a Justification for Other Than Full and Open Competition is not required. A SLAT is considered a noncompetitive contract and the LCO has determined the lease extension is necessary to The proposal offered by the current Lessor for the lease extension is comparable to the market rent rates.
Lease Summary: currently occupies approximately 4,048 rentable square feet (RSF) yielding 3,520 ANSI BOMA Office Area square feet (ABOA s.f.) of office space at REXCO Industrial Park Building, State Road 165, Street 1 REXCO Industrial Park, Guaynabo, PR 00968 under Lease No. LPR19226, which expires on 11/14/2026. This lease extension is necessary to provide the agency sufficient time to finalize requirements for a new/replacing lease and give the Government time to plan, procure, design, and construct space for this follow-on leasing action.
Determination That Anticipated Costs Will Be Fair and Reasonable:
In accordance with Federal Acquisition Regulation (FAR) 6.303-2(a)(7), the Contracting Officer determines by certifying this document that the anticipated cost to the Government of
/RSF Shell Cost plus /RSF Operating Cost) for the entire requirement is fair and reasonable. Market research from CoStar and PropertyShark found three (3) potential locations with rental rates ranging from to
. The average rental rate was . The proposed rental rate of /RSF falls within the market range and is therefore fair and reasonable.
Bryan Cucinotta, Leasing Specialist Date
Thomas Landron Morales, Leasing Contracting Officer Date
File details come from the government source that posted it. Updated .