Award Synopsis Summary Kincheloe Airport (1).docx
DOCX document 28 KB Posted
- Solicitation number
- 9MI2350
About this file
This is an Award Synopsis Summary for a commercial lease agreement at Chippewa County International Airport (Kincheloe, MI). The General Services Administration awarded a five-year firm lease with a ten-year full term option to Chippewa County Economic Development Corporation (EDC) for 597 rentable square feet of office space within the airport's commercial terminal. The lease commenced on June 1, 2026, with an award date of February 19, 2026, under solicitation number 9MI2350. The contract value totals $254,680.00.
The lease terms include a shell rental rate of $27.75 per square foot annually (years 1-10), with a total annual rent of $25,468.02, and taxes are included in the base operating rent of $14.91 per square foot. The space includes 10 surface parking spaces with no structured parking. Additional lease provisions grant the government 90 days' notice for cancellation rights, with no tenant improvement rent, building-specific security costs, overtime HVAC charges, or adjustments for vacant premises. This lease was prepared by CBRE, Inc. under GSA's National Brokerage Contract and is managed by the General Services Administration Public Buildings Service Region 5.
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Text version
U.S. General Services Administration
U.S. General Services Administration
Summary of Final Terms and Conditions to be included in the Lease for GS-05P-LMI01294
| Property Information: |
| Chippewa County International Airport Commercial Terminal |
| Lessor Information: |
| Chippewa County EDC |
5019 W. Airport Drive Kincheloe, MI 49788
| Offeror Information: |
| Chippewa County EDC |
5019 W. Airport Drive Kincheloe, MI 49788
| ANSI/BOMA Square Feet (ABOA): |
| 597 |
| Rental Square Feet (RSF): |
| 597 |
| Parking – Surface: |
| 10 |
| Parking – Structured: |
| None |
| Estimated Term Begin Date: |
| June 1, 2026 |
| Firm Term (Years): |
| Five (5) Years (60-months) |
| Full Term (Years): |
| Ten (10) Years (120-months) |
| Option Term(s): |
| None |
| Government Cancellation Rights: |
| 90 Days’ Notice |
| Shell Rental Rate: |
| Years 1-10 $27.75 |
| Taxes: |
| Included is Shell |
| Base Operating Rent: |
| $14.91 |
| Tenant Improvement Rent: |
| N/A |
| Building Specific Security Costs: |
| None |
| Total Annual Rent: |
| Years 1-10 $25,468.02 |
| Overtime HVAC Rate: |
| $0 |
| 24/7 HVAC Rate: |
| N/A |
| Adjustment for Vacant Premises: |
| $0 |
| Other: |
| N/A |
This letter was prepared for the GSA by CBRE, Inc. under the terms of the National Brokerage Contract. This document contains confidential and privileged information. Distribution or sharing of this documents’ contents to anyone who is not a CBRE, Inc. GSA National Broker Contractor, subcontractor or broker is strictly prohibited.
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