SLAT JOTFOC (SSA Florence).(Redacted)v3.pdf
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- Attached to
- Lease Award - GS-04P-LAL02392 - Florence, AL
- Solicitation number
- 0AL2111
About this file
This document is a Simplified Lease Acquisition Justification for a sole source lease renewal for the Social Security Administration (SSA) in Florence, Alabama. The current lease for 14,222 rentable square feet (RSF) at 204 S Walnut Street, Florence, AL expires on 08/31/2024. The General Services Administration (GSA) plans to negotiate a sole source 10-year lease (5 years firm) with the incumbent lessor at an estimated net average annual rental of $221,294.32. This is based on a shell rate of $15.56/RSF and operating costs of $9.27/RSF. The justification notes that while two parties expressed interest, only the incumbent submitted a qualifying expression of interest, with the competing offer proposing new construction that would not be available until over a year after the required occupancy date. The Contracting Officer has determined that the anticipated cost will be fair and reasonable compared to the market rate.
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Text version
Region 4 GSA Southeast Sunbelt
SINGLE/SOLE SOURCE JUSTIFICATION DOCUMENT, SIMPLIFIED LEASE ACQUISITION
U.S. General Services Administration GSA Region 4 Leasing Division
LEASE NUMBER: GS-04B-LAL60191 (current lease)
PROJECT NUMBER: 0AL2111
AGENCY: SSA
CURRENT ANNUAL RENTAL:
$281,737.82
1. IDENTIFICATION AND DESCRIPTION OF ACTION BEING APPROVED:
The General Services Administration currently leases 14,222 Rentable Square Feet (RSF) with a Common Area Factor (CAF) of 1.03, yielding 13,796 ANSI BOMA Office Area square feet (ABOA) located at 204 S Walnut Street, Florence, AL under lease number GS- 04B – LAL60191 for the Social Security Administration . The current lease expires 08/31/2024. Approval is requested to negotiate a succeeding lease without full and open competition for continued occupancy at this leased location.
2. CALCULATION OF NET AVERAGE ANNUAL RENTAL OVER LEASE TERM:
Current Annual Rental Rate- $281,737.82 Estimated Shell Rate- $15.56 rate/ $221,294.32 Estimated Operating Costs - $9.27 rate/ $131,837.94 Estimated TI (if applicable) – N/A Lease Term including any option periods (if applicable) – 10 years (5 years firm) Net Average Annual Rental Calculation- $221,294.32
3. DESCRIPTION OF EFFORTS TO SOLICIT AS MANY SOURCES AS PRACTICAL:
An advertisement was place on SAM.gov on November 20, 2023 and ran for ten (10) days. Two (2) parties expressed an interest in this procurement, but only the incumbent lessor submitted a qualifying Expression of Interest (EOI). The competing EOI was for proposed new construction on a site that the offeror does not currently own, and included a proposed occupancy date of “Winter of 2025,”which is more than a year after the required occupancy date in the SAM advertisement (September 1, 2024).
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 from the expression of interest from the incumbent location of $353,132.26 ($24.83/RSF full service) 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 $221,294.32 per annum net of operating costs.
Region 4 GSA Southeast Sunbelt
Approved By:
GSA Contracting Officer / Date
File details come from the government source that posted it. Updated .