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U.S. Department Of The Interior·Massachusetts

RFP to Lease Building 125 in Charlestown Navy Yard at Boston National Historical Park

Closes 8/21/2026$250k – $500kRequest for Proposal
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Description

The National Park Service is seeking a qualified lessee to lease Building 125, a historic 10,188 sf former Navy Yard paint shop in the Charlestown Navy Yard (Boston National Historical Park). The lease will be for a minimum of ten years (maximum 60 years) and must include responsibility for structural maintenance, roof replacement, and historic‑preservation compliance. The lessee may also elect to lease an optional dock and patio, and will be required to meet Fair Market Value Rent of at least $24 / sq ft (≈ $244,512 / year) with possible rent offsets for capital improvements. The project demands strong financial capability, experience managing historic commercial properties, and a sustainability plan meeting NPS environmental standards. • Lease of 10,188 sf interior space plus adjacent land and optional dock/patio. • Minimum FMV rent of $24 / sq ft (≈ $244,512 / yr) with potential offsets for roof replacement. • Lessee assumes all structural maintenance, historic preservation compliance, and sustainability obligations. • Optional dock/patio component (≈ 125 ft × 18 ft dock, 2,470 sf patio) with additional rent. • Must submit extensive financial statements, credit reports, and a detailed operations & preservation plan.

Attached files

Contact

David Santucci(Primary)

[email protected]

Key dates

Opened
7/7/2026
Questions due
8/12/2026
Closes
8/21/2026
Duration
10 years

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
53
Solicitation №
BOST_Building-125_RFP

Budget estimate

$250,000 – $500,000

The contract’s primary revenue stream is the rent payment of at least $244,512 per year (≈ $2.44 M over a 10‑year term). Additional income could arise from optional dock/patio rent and possible rent offsets for capital improvements, potentially raising total earnings to $2.5 M–$5 M over the lease term. Thus, an annual budget range of roughly $250k to $500k is realistic, depending on negotiated rent, percentage‑rent provisions, and offset agreements.

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