JOTFOC Memo Redacted.pdf

SINGLE/SOLE SOURCE JUSTIFICATION DOCUMENT, SIMPLIFIED LEASE ACQUISITION

U.S. General Services Administration GSA Region 4 Leasing Division

LEASE NUMBER: GS-04P-LTN60144

PROJECT NUMBER: 0TN2117

AGENCY: ( -

CURRENT ANNUAL RENTAL: $

1. IDENTIFICATION AND DESCRIPTION OF ACTION BEING APPROVED:

The General Services Administration currently leases 6,017 Rentable Square Feet (RSF) with a Common Area Factor (CAF) of 1.08, yielding 5,573 ANSI BOMA Office Area square feet (ABOA) located at under lease number GS-04P-LTN60144 for the - The current lease expires October 31, 2024. Approval is requested to negotiate a renewal without full and open competition for continued occupancy at this leased location.

2. CALCULATION OF NET AVERAGE ANNUAL RENTAL OVER LEASE TERM:

Estimated Shell Rate- $ Estimated TI (if applicable)- N/A Lease Term including any option periods (if applicable)- 5 years/0 firm Net Average Annual Rental Calculation- $

3. DESCRIPTION OF EFFORTS TO SOLICIT AS MANY SOURCES AS PRACTICAL:

Per the requirements of GSAR 570.402, the GSA Leasing Specialist placed a notice in the System for Award Management (SAM) on August 8, 2024, for 5 days.

In addition, GSA conducted market research using LoopNet for Gallatin, TN.

4. COST BENEFIT ANALYSIS IF APPLICABLE (insert from lease decision tool, if not applicable N/A):

N/A

5. CONTRACTING OFFICER CERTIFICATION AND DETERMINATION THAT THE ANTICIPATED COST WILL BE FAIR AND

REASONABLE:

The projected rental rate of $ would fall within the expected market range. In accordance with GSAM 570.402, the Government may enter into a sole source action for continued occupancy when it is beneficial to the Government. In this event, a reasonable review by the Contracting Officer has determined that the Government could not expect to recoup the costs to relocate this agency through full and open competition. GSA plans to pursue this lease as it is under the SLAT Threshold at $250,000.00 per annum.

Approved By:

GSA Contracting Officer / Date