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U.S. Department Of Veterans Affairs·Iowa

Expression of Interest - New Replacing Lease - Davenport CRRC

Closes tomorrow$5M – $12MRequest for Expression of Interest
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Description

The VA is seeking qualified owners or developers to provide a fully serviced lease for a new Community Resource and Referral Center (CRRC) in Davenport, Iowa. The lease must cover up to 15,638 ABOA (no more than 20,746 RSF) for a term of up to 20 years, include maintenance and operation, and provide at least 70 parking spaces meeting specific handicap and government‑vehicle requirements. The space must meet all federal accessibility, security, and utility standards, be located within a defined parcel bounded by Locust St, Middle Rd, North Harrison St, Hwy 64, and 18th St, and be outside the 100‑year floodplain. The VA will finance the lease through monthly rent payments and a one‑time lump‑sum for tenant improvements and security upgrades; no progress payments will be made during construction.

Attached files

Contact

Kelsey Schulzetenberg(Contracting Officer’s Representative)

[email protected]

Key dates

Opened
10/20/2026
Closes
11/2/2026
Duration
20 years

Last updated

Details

Type
Request for Expression of Interest
Industry
Real Estate
NAICS
531120
Solicitation №
36C26326R0069_2

Budget estimate

$5,000,000 – $12,000,000

The VA will pay monthly rent for up to 20 years plus a single lump‑sum for tenant improvements and security upgrades. Assuming a market rent of roughly $25 per RSF per year for a 20,746 RSF space, annual rent would be about $518,650, totaling roughly $10.4 M over the lease term. Adding the estimated lump‑sum for improvements (≈ $2–3 M) yields a total contract value in the range of $5 M (low‑end, smaller rent or less improvement) to $12 M (high‑end, higher rent and larger improvement).

AI estimate from the solicitation

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