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  4. ›X1DB--Department of Veterans Affairs Notice of Intent to…

U.S. Department Of Veterans Affairs·Massachusetts

X1DB--Department of Veterans Affairs Notice of Intent to Sole Source 36,814 ABOA Lowell, MA

Closes 8/4/2026$20M – $40MSole Source
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Description

The VA is announcing its intent to award a 20‑year firm lease for an existing outpatient‑clinic space in Lowell, MA, covering approximately 36,814 ABOA (up to 38,401 RSF) with up to 95 parking spaces. The notice is a market‑research solicitation; the VA will consider alternative properties that may be more economical or operationally advantageous, but otherwise plans to sole‑source the lease to the incumbent lessor.

Attached files

Contact

Kachael Johnson(Realty Specialist)

[email protected]

(470) 388-5040

Key dates

Opened
7/13/2026
Closes
8/4/2026
Duration
20 years

Last updated

Details

Type
Sole Source
Industry
Real Estate
NAICS
531120
Solicitation №
36C10F26R0078

Budget estimate

$20,000,000 – $40,000,000

No contract value is disclosed. Based on the size (≈38,000 RSF) and a typical market lease rate for medical office space in Massachusetts (roughly $30‑$45 per square foot per year), the annual rent could be $1.1‑1.7 million, resulting in a 20‑year lease value of roughly $22‑34 million. Thus, the expected budget range for the lease could be between $20 million and $40 million over the lease term.

AI estimate from the solicitation

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