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  5. ›REQUEST FOR LEASE PROPOSALS FOR WAREHOUSE SPACE IN…

Department of Administration·South Carolina

REQUEST FOR LEASE PROPOSALS FOR WAREHOUSE SPACE IN CHARLESTON COUNTY FOR THE SOUTH CAROLINA COLLEGE OF CHARLESTON

Closes 7/17/2026$2M – $5MRequest for Proposal
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Description

The State of South Carolina, via its Department of Administration’s Real Property Services, is seeking lease proposals for a large warehouse‑plus‑office complex to support the College of Charleston. The landlord must provide roughly 44,000 sq ft of space (up to 50,000 sq ft) including climate‑controlled warehouse area, several private and communal offices, loading docks, parking, and full ADA‑compliant utilities. The lease must be a gross lease with all operating expenses bundled, and proposals must include rent rates for 3‑, 5‑, 7‑, and 10‑year terms. All submissions must be filed using form FMPS‑202E and accompanied by statutory acknowledgments and floor‑plan calculations. • Warehouse requirement: ~38,000 sq ft total, with at least 10,000 sq ft climate‑controlled and 4–5 loading docks (4 ft dock height, overhead shelter). • Office requirement: private offices, communal work area, reception, break room, LAN and storage rooms. • Additional expectations: 24/7 building access, CAT‑6/fiber‑optic cabling, HVAC operation after hours, 15 parking spaces, and full ADA compliance. • Submission deadline: July 17 2026 4 PM; lease start on or before Dec 1 2027. • Evaluation based on cost, responsiveness, and space efficiency; site visits will be arranged after the deadline.

Attached files

Contact

[email protected]

(803) 737‑8731

Key dates

Opened
6/25/2026
Closes
7/17/2026
Duration
10 years

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531120
Solicitation №
H150-071726

Budget estimate

$2,000,000 – $5,000,000

Assuming a market‑rate industrial rent of roughly $12 per sq ft per year in the Charleston area, a 44,000 sq ft warehouse would generate about $528,000 in annual rent. Over the minimum 3‑year term that equals ~ $1.6 M, while a 10‑year term could reach $5.3 M. Accounting for gross‑lease expenses (utilities, maintenance, insurance) the net earnings for the landlord would likely fall between $2 M and $5 M over the full lease term. This estimate assumes competitive but realistic rent pricing and does not include potential escalations or tenant‑improvement reimbursements (which are prohibited).

AI estimate from the solicitation

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