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U.S. General Services Administration·Illinois

U.S. Government Seeks To Lease Warehouse Space in Indianapolis, IN

Closes 7/13/2026$1.8M – $2.0MRequest for Expression of Interest
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Description

The U.S. Government is seeking to lease warehouse space in Indianapolis, IN. The space should be approximately 12,000 to 13,200 square feet and have 4 parking spaces. The lease term will be 15 years, with a firm term of 10 years. The government is looking for a fully serviced lease and requires the space to meet certain standards for fire safety, accessibility, seismic, and sustainability. The space should not be in a 1-percent-annual chance floodplain. • The space should be flex type. • The government is considering alternative space if it is economically advantageous. • The government will consider the availability of alternative space, costs, and other factors in making its decision. • Expressions of interest are due by July 15, 2026. • The government estimates occupancy to be around October 28, 2026.

Attached files

Contact

Theodore Prillaman(Leasing Specialist)

[email protected]

(312) 623-2634

Key dates

Opened
6/23/2026
Closes
7/13/2026
Duration
15 years

Last updated

Details

Type
Request for Expression of Interest
Industry
Real Estate
NAICS
531120
Solicitation №
3IN0249

Budget estimate

$1,800,000 – $1,980,000

To estimate the budget for this opportunity, we need to consider the lease term and the square footage of the space. The government is looking to lease approximately 12,000 to 13,200 square feet of warehouse space for 15 years. The average annual rent for warehouse space in Indianapolis, IN, can range from $5 to $15 per square foot. Assuming an average annual rent of $10 per square foot, the total annual rent would be around $120,000 to $132,000. Over the 15-year lease term, the total budget would be approximately $1,800,000 to $1,980,000. However, this is a rough estimate and does not take into account other factors such as operating expenses, maintenance costs, and potential rent increases.

AI estimate from the solicitation

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