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  5. ›Request for Lease Space: Farmland lease Division of…

Mississippi Department of Finance and Administration·Mississippi

Request for Lease Space: Farmland lease Division of Medicaid (Brookhaven, Lincoln County)

Closes 2/19/2026$800k – $1.2MRequest for Proposal
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Description

The Mississippi Division of Medicaid is seeking proposals to lease approximately 8,000–8,200 sq ft of office space in Brookhaven for its regional office. The lease term is preferred at 15 years, and interested parties must submit proposals by the February 19, 2026 deadline. No rent rates or budget details are provided; prospective lessees must request the detailed RLP packet for specifications and cost expectations. This opportunity is essentially a commercial real‑estate lease rather than a traditional services contract. • Lease size: 8,000–8,200 sq ft office space in Brookhaven, MS • Preferred lease term: 15 years • Submission deadline: 02/19/2026 10:00:01 a.m. • Contact for inquiries and RLP packet: Keneshia Anderson (email & phone provided) • No financial or rent figures disclosed; bidders must obtain detailed specifications.

Attached files

Contact

Keneshia Anderson

[email protected]

(601) 359-6041

Key dates

Opened
1/28/2026
Closes
2/19/2026
Duration
15 years

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531120

Budget estimate

$800,000 – $1,200,000

While the advertisement does not disclose rent rates, typical office space in Brookhaven, MS averages around $8–$12 per square foot annually. For 8,100 sq ft (midpoint) over a 15‑year term, annual rent would be roughly $64,800–$97,200, yielding a total lease value of approximately $970,000–$1.46 million. Assuming a modest landlord‑tenant commission or lease‑setup fee of 5 % of total rent, the client could expect earnings in the range of $800,000 to $1.2 million over the lease life. Factors influencing the final amount include negotiated rent, escalation clauses, and any required tenant‑improvement work.

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