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  5. ›EXT AIR | Private Terminal Ground Lease

City and County of San Francisco·California

EXT AIR | Private Terminal Ground Lease

Closes 1/27/2027$30M – $200MRequest for Proposal
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Description

The City and County of San Francisco Airport Commission is seeking a qualified entity to design, construct, and operate a private passenger terminal at San Francisco International Airport. The lease covers approximately 67,000 sq ft of land and includes air‑side vehicle access, TSA and CBP screening facilities, private lounges, and optional salon services. The successful proposer must meet stringent experience criteria (minimum two years recent operation of a private terminal with TSA/CBP screening and $15 M annual gross sales), provide a $750 k security deposit, and post a $250 k proposal bond. The lease term is 22 years with a possible two‑year extension at the Commission’s discretion. Rent is the greater of a $1.5 M Minimum Annual Guarantee or a percentage of gross revenues (5 % up to $15 M, 7 % above). The project also requires compliance with extensive local ordinances, labor‑harmony rules, CEQA approvals, and a construction schedule of up to three years. • Design‑build a private‑terminal facility (≈ 67 k sq ft) with full TSA/CBP screening and vehicle‑to‑aircraft transport. • Operate the terminal 16 hours/day, 7 days/week, providing premium passenger services, retail, and sponsorship opportunities. • Meet rigorous regulatory, environmental, labor‑peace, and sustainability requirements while delivering a financially viable concession over a 22‑year term.

Attached files

Contact

Sam El Gord(Principal Property Manager)

[email protected]

(650) 821-4500

Key dates

Opened
5/20/2026
Questions due
7/2/2026
Pre-bid meeting
6/18/2026
Closes
1/27/2027
Projected award
3/1/2027
Duration
22 years

Last updated

Details

Type
Request for Proposal
Industry
Hospitality and Tourism
NAICS
531190
Solicitation №
SFGOV-0000011860

Budget estimate

$30,000,000 – $200,000,000

The contract guarantees a Minimum Annual Guarantee of $1.5 M per year plus percentage rent on gross revenues, which alone yields roughly $33 M over a 22‑year term. Adding the required capital investment to design and construct a 67,000 sq ft terminal (estimated $150 M–$200 M) and ongoing operational costs, the total financial magnitude of the project is likely between $30 M and $200 M in net cash flow to the concessionaire. Therefore, a realistic budget range for the winning bidder spans from low‑single‑digit tens of millions to high‑hundreds of millions of dollars over the lease life.

AI estimate from the solicitation

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