REDACTED 4GA0285 Draft JOTFOC.pdf

SINGLE/SOLE SOURCE JUSTIFICATION DOCUMENT, SIMPLIFIED LEASE ACQUISITION

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

LEASE NUMBER: LGA48084

PROJECT NUMBER: 4GA0285

AGENCY: REDACTED CURRENT ANNUAL RENTAL: REDACTED

1. IDENTIFICATION AND DESCRIPTION OF ACTION BEING APPROVED:

The General Services Administration currently leases 7,893 Rentable Square Feet (RSF) with a Common Area Factor (CAF) of 1.2871819, yielding 6,132 ANSI BOMA Office Area square feet (ABOA) located at REDACTED under lease number LGA48084 for the REDACTED. The current lease expires 09/03/2024. Approval is requested to negotiate a five-year renewal for continued occupancy at this leased location. (Note: for expansions please state the scope of the work to establish it is outside the general scope of the lease)

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

Estimated Shell Rate-REDACTED Estimated TI(if applicable)- N/A Lease Term including any option periods (if applicable)-09/04/2024 – 09/03/2029 Net Average Annual Rental Calculation- REDACTED

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

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 REDACTED 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 REDACTED per annum.

Approved By:

7/30/2024

X Steven Porter Steven Porter

LCO

Signed by: STEVEN PORTER