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Awarded contract·Florida Atlantic University·Florida

Space Lease For Integrative Health Activities

Won by Galen Medical, LLC$3.6MSingle Award
Contract source

Awarded vendors

  • Galen Medical, LLC

Description

The contract is for a space lease for integrative health activities at Florida Atlantic University. The university is seeking leased space to offer medical services and health and wellness activities to the general public. The lease is for 20 years, and the university is looking for a space that can accommodate a fully functioning demonstration kitchen, meet current building codes for hurricane protection, and provide parking and accessibility for people with disabilities. The contract was awarded to Galen Medical, LLC. • The contract is for a 20-year lease • The space must be able to accommodate a fully functioning demonstration kitchen • The space must meet current building codes for hurricane protection • The space must provide parking and accessibility for people with disabilities • The contract was awarded to Galen Medical, LLC

Attached files

Key dates

Duration
20 years

Last updated

Details

Award type
Single Award
Industry
Real Estate
NAICS
531110
Solicitation №
2019-ITN-0060-CB

Contract value

$3,600,000

The contract value is not explicitly stated, but based on the 20-year lease term and the requirements for the space, it is likely to be a significant amount. The vendor is required to provide a breakdown of all monthly costs, including rent, common area maintenance, and any other costs. Assuming an average monthly rent of $10,000 to $20,000, the total contract value could be in the range of $2.4 million to $4.8 million over the 20-year term.

AI estimate from the award documents

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