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U.S. Department Of Veterans Affairs·Nevada

X1GZ--REQUEST FOR LEASE PROPOSAL: Warehouse - Las Vegas, Nevada

Closes 11/30/2026$10M – $30MRequest for Proposal
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Description

The Department of Veterans Affairs is seeking qualified owners or developers to lease a fully‑served warehouse space in the Las Vegas, Nevada area. The lease must provide 60,000–75,700 ABOA square feet of single‑floor warehouse with a minimum clear ceiling height of 30 ft, office space of at least 7,125 ABOASF, and meet stringent column‑spacing, loading‑dock, parking, HVAC, fire‑protection, accessibility, ENERGY STAR, seismic, and asbestos requirements. The contract will be a 20‑year term (10 years firm) with termination rights after the firm period and includes a $25/ABOA SF tenant‑improvement allowance. Offers are due 30 Nov 2026, and the selected lessor will receive rent payments over the lease term. • Provide 60‑75 k ABOAF SF warehouse, 30 ft clear height, 12 loading docks, 75‑90 parking spaces, and required office space. • Meet technical standards: column grid ≥ 50 ft × 52 ft, overall width ≥ 52 ft, depth ≥ 60 ft; ENERGY STAR label, seismic compliance (RP 8), no asbestos, ADA compliance. • Financial terms: $25/ABOA SF TI allowance, best‑value evaluation, 20‑year lease (10‑year firm), rent paid monthly in arrears, with optional renewal after firm term.

Attached files

Contact

John Paul Niega(Lease Contracting Officer)

[email protected]

(775) 389-6616

Key dates

Opened
10/15/2026
Closes
11/30/2026
Duration
20 years

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531130
Solicitation №
RLP36C24W26R0045

Budget estimate

$10,000,000 – $30,000,000

The lease will likely generate annual rent in the low‑to‑mid single‑digit millions based on market rates for 60‑75 k ABOA SF of warehouse space in Las Vegas (approximately $15‑$20 per RSF per year). Over the 20‑year term, total cash flow could range from about $10 million to $30 million, with the lessor earning the majority of that amount as rent after operating‑cost adjustments. The estimate accounts for potential variations in rent escalations, parking fees, and tenant‑improvement reimbursements.

AI estimate from the solicitation

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