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  5. ›Real Estate Lease- Henrico County, VA

Department of General Services·Virginia

Real Estate Lease- Henrico County, VA

Closes 8/7/2026$3M – $7MRequest for Proposal
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Description

This opportunity seeks a lease for a 42,000‑square‑foot office space in Henrico County, Virginia. The Department of General Services is looking for a qualified landlord or property manager to provide the space under terms to be negotiated, with a focus on location, size, and suitability for government office use. The solicitation is open until early August, and interested parties should contact the listed representative for further details. • 42,000 sf office space required in Henrico County, VA • Lease to be negotiated with Department of General Services • Submission deadline: 7 August 2026 • Primary contact: John Simmons (804‑396‑0642, [email protected])

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

John Simmons

[email protected]

(804) 396-0642

Key dates

Opened
6/30/2026
Closes
8/7/2026

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531190
Solicitation №
RFP-123470

Budget estimate

$3,000,000 – $7,000,000

Based on market lease rates in Virginia (~$25‑$35 per square foot per year) a 42,000 sf office could generate roughly $1.05‑$1.47 million annually. Assuming a typical 5‑year lease term, total contract value would range from about $5 million to $7.5 million. Therefore a reasonable estimate is $3 million–$7 million, accounting for possible variations in lease length, escalation clauses, and tenant improvement allowances.

AI estimate from the solicitation

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