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  5. ›RFP-Lease for the FBO Facility

Massachusetts Town of Nantucket·Massachusetts

RFP-Lease for the FBO Facility

Closes 1/20/2026$150k – $300kRequest for Proposal
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Description

The Town of Nantucket is seeking sealed proposals for a three-year lease of the former Fixed Based Operation (FBO) facility at the Nantucket Memorial Airport. The premises to be leased are approximately 1,341 square feet in the building and 696 square feet of associated ramps and decks. • The lease is for a three-year term • The facility is located at the Nantucket Memorial Airport • The premises include 1,341 square feet in the building and 696 square feet of associated ramps and decks • Bidders are invited to submit sealed proposals • Proposals should not be submitted via COMMBUYS

Attached files

Contact

[email protected]

(508) 325-7532

Key dates

Opened
12/15/2025
Closes
1/20/2026
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531110
Solicitation №
BD-26-1301-18-18-123628

Budget estimate

$150,000 – $300,000

The budget for this opportunity is not explicitly stated in the document. However, considering that it is a three-year lease for a facility of approximately 2,037 square feet (1,341 square feet in the building and 696 square feet of associated ramps and decks), we can make an educated estimate. The average annual rent for a commercial property in Nantucket could range from $20 to $50 per square foot, depending on the location and condition of the property. Assuming an average annual rent of $35 per square foot, the total annual rent for the facility would be approximately $71,295 (2,037 square feet * $35 per square foot). For a three-year lease, the total budget would be around $213,885 ($71,295 * 3 years). Therefore, the estimated budget range for this opportunity is between $150,000 and $300,000.

AI estimate from the solicitation

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