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  5. ›Bid26-02.pdf(opens in new window)

Lumberton Township Board of Education·New Jersey

Bid26-02.pdf(opens in new window)

Closes 3/26/2026$500k – $1.2MInvitation for Bid
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Description

This solicitation seeks a qualified entity to lease the Florence L. Walther School building and its grounds, providing the winning bidder with the right to occupy and manage the facility under New Jersey statutes. The lease will be used for educational, community, or other permitted purposes consistent with N.J.S.A. 18A:20‑8.2. Bidders must submit a sealed envelope containing required corporate documentation (stockholder list, non‑collusion affidavit, and other mandatory forms) by the deadline. The Board retains the right to reject any or all bids and may accept partial proposals at its discretion. • Lease covers the entire school structure and surrounding property. • Corporate bidders must disclose shareholders owning 10 % or more. • All bids must be delivered to the Board’s Business Office by March 26 2026, 11:00 a.m.

Attached files

Contact

Robert Kraft(School Business Administrator)

Key dates

Opened
3/9/2026
Closes
3/26/2026

Last updated

Details

Type
Invitation for Bid
Industry
Real Estate
NAICS
531120
Solicitation №
Bid26-02

Budget estimate

$500,000 – $1,200,000

The solicitation does not disclose lease rates, but typical school‑building leases in New Jersey range from $15‑$30 per square foot annually. Assuming a modest 30,000 sq ft facility, the annual lease could be $450,000‑$900,000. Adding potential ancillary services (maintenance, security) could push the total contract value to roughly $500,000‑$1,200,000 over a multi‑year term.

AI estimate from the solicitation

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