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Awarded contract·Jackson County, Missouri·Missouri

Legal Process

Won by K.C. Partners Oaktower Limited Partnership$2.8MSingle Award
Contract source

Awarded vendors

  • K.C. Partners Oaktower Limited Partnership

Description

The contract is for leased office space for the Public Defender's office in Jackson County, Missouri. The contract has multiple terms with rent adjustments based on expenses and taxes. The landlord is responsible for maintaining and repairing the property, and the tenant has the option to terminate the lease under certain conditions. The contract includes a detailed description of the leased premises, rent payments, and termination fees. Key aspects of the contract include: • The leased premises consist of 18,185 rentable square feet on the 19th and 20th floors. • The base rent is payable monthly in advance, with adjustments based on expenses and taxes. • The landlord is responsible for maintaining and repairing the property, including replacing radiators, drinking and hand faucet water lines, and stained or damaged ceiling tiles. • The tenant has the option to terminate the lease after the fifth full year of occupancy, with a termination fee equal to the unamortized costs of the landlord's total capital expenses and leasing concessions.

Attached files

Key dates

Starts
2/26/2018
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531120
Solicitation №
103943

Contract value

$2,750,000

Based on the contract, the total value is estimated to be around $550,000 per year, with a total contract value of approximately $2,750,000 over 5 years. This estimate is based on the monthly base rent payments and the adjustments for expenses and taxes.

AI estimate from the award documents

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