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U.S. Department Of Veterans Affairs·Puerto Rico

Ponce Vet Center - Relocation

Closes 11/15/2026$2M – $5MRequest for Proposal
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Description

The Veterans Administration is seeking a qualified lessor to provide a fully‑served lease of a modern‑quality office building at the Ponce Vet Center in Puerto Rico. The lease must supply between 4,028 and 5,438 ABOA sq ft of contiguous space, include 30 surface parking spaces, and meet a Facility Security Level II. The government will finance tenant improvements up to $228 per ABOA sq ft, and the lessor must install required security, accessibility, fire‑protection, and ENERGY STAR compliance measures. The lease term is 20 years total with a 5‑year firm term and a right of termination after that with 180‑day notice. Evaluation will be best‑value based on facility, site, past performance, and experience; the award is expected in 2026. • Minimum 4,028 ABOA sq ft, maximum 5,438 ABOA sq ft required. • Fully‑served lease (utilities, janitorial, HVAC, etc., included). • $228 per ABOA sq ft tenant‑improvement allowance; security items amortized over the term. • 30 surface parking spaces must be provided at no extra charge to the Government. • Lease term = 20 years (5‑year firm term, termination possible after with 180‑day notice).

Attached files

Contact

Dominic Mabine(Lease Contracting Officer)

[email protected]

Key dates

Opened
10/16/2026
Closes
11/15/2026
Projected award
5/1/2026
Duration
20 years

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531120
Solicitation №
36C24426R0012

Budget estimate

$2,000,000 – $5,000,000

No explicit rent amount is disclosed. Based on typical fully‑served office leases in Puerto Rico (approximately $30–$45 per RSF per year) and the required 4,028–5,438 ABOA sq ft, annual rent could range from $120k to $245k. Over a 20‑year term, total payments to the lessor would be roughly $2.4 million to $4.9 million, not including tenant‑improvement reimbursements. Therefore a reasonable earnings estimate is $2 M–$5 M over the lease life.

AI estimate from the solicitation

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