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  4. ›US GOVERNMENT SEEKS TO LEASE SPACE IN LAWRENCE, KS

U.S. General Services Administration·Kansas

US GOVERNMENT SEEKS TO LEASE SPACE IN LAWRENCE, KS

Closes 11/20/2026$500k – $1.2MRequest for Proposal
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Description

The General Services Administration (GSA) is issuing a Request for Lease Proposals (RLP) for a modern, first‑floor commercial office building in Lawrence, Kansas. The lease requires approximately 4,015–4,216 ABOA SF of office space plus a small ware‑yard, five fenced parking spaces, and the ability to accommodate roof‑mounted antennas. The Government will provide a tenant‑improvement allowance of $57.19 per ABOA SF (with anticipated overruns of about $65 per SF) and expects the Lessor to deliver a fully‑serviced lease that includes operating costs, utilities, and parking. The lease term is ten years (five‑year firm term with an optional five‑year renewal) and will be evaluated using a present‑value price methodology with a 5 % discount rate and 2.5 % annual operating‑cost escalations. The award is slated for May 2026, with proposals due by 4 PM CT on 20 Nov 2026.

Attached files

Contact

Jonathan Langford(Primary)

[email protected]

(785) 865-3562

Key dates

Opened
10/20/2026
Closes
11/20/2026
Projected award
5/1/2026
Duration
10 years

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531120
Solicitation №
2KS0137

Budget estimate

$500,000 – $1,200,000

The lease will generate recurring rent payments over a ten‑year term. Assuming a modest gross rent of $20–$30 per RSF (typical for a modern office in a small market) on ~4,100 RSF yields $82k–$123k annually, plus the $57 SF TI allowance (~$230k) and additional operating‑cost escalations. Over ten years the total cash flow to the Lessor is likely between $0.5 million and $1.2 million, depending on the final rent rate and any negotiated commission or expense adjustments.

AI estimate from the solicitation

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