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  4. ›The Government is seeking 40,934 ABOA SF of Office and…

U.S. General Services Administration·District of Columbia

The Government is seeking 40,934 ABOA SF of Office and Related Space in Milwaukee, WI

Closes 4/1/2026$12M – $18MRequest for Proposal
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Description

The Government is seeking to lease office space in Milwaukee, WI. The space must be at least 40,934 square feet and have certain features such as public transportation, parking, and security. The lease term will be 15 years with a 5-year firm term and a 5-year option term. The Government requires a fully serviced lease with all services, janitorial supplies, utilities, and tenant alterations provided as part of the rental consideration. • The space must be located in a prime commercial office district with attractive and professional surroundings. • The space must have a minimum of 30 feet between structural elements. • The space must not be located in a flood plain or wetland unless it is the only practicable alternative. • The space must meet Government requirements for security, fire life safety, accessibility, and sustainability standards. • The space must have adequate and available parking nearby. • The space must have public transportation options nearby.

Attached files

Contact

Colleen McGuigan(Lease Contracting Officer)

[email protected]

(773) 707-3182

Key dates

Opened
10/28/2024
Closes
4/1/2026
Duration
15 years

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531120
Solicitation №
2WI0201

Budget estimate

$12,000,000 – $18,000,000

The budget for this opportunity is likely to be in the millions of dollars, given the large amount of office space being leased. The exact budget will depend on the rental rate per square foot and the services provided as part of the lease. Assuming a rental rate of $20-30 per square foot, the annual rent could be around $800,000 to $1.2 million. Over the 15-year lease term, the total budget could be around $12 million to $18 million. However, this is just a rough estimate and the actual budget could be higher or lower, depending on various factors such as the specific services provided and the condition of the building.

AI estimate from the solicitation

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