X1LZ--Detroit 300 Parking Space Lease

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Contract Opportunity

This award notice is in reference to Request for Lease Proposal No. 36C25024R0034, to provide 300 parking spaces for the Department of Veteran Affairs John Dingell Medical Center, Detroit Michigan.
An award was made based on best value to the Government for a 5-Year Firm Term Lease with a 5 year soft term, in accordance with the evaluation factors listed in the RLP.

Site Location
DETROIT SYMPHONY ORCHESTRA PARKING GARAGE
87 PARSONS DRIVE
DERTOIT MI 48201
Listed below is the total contract value, award effective 11/1/2024.
Term
Unit Cost Units
Monthly Cost
Months
Total
Year 1
$135.00
300
$40,500.00
12
$486,000.00
Year 2
$137.70
300
$41,310.00
12
$495,720.00
Year 3
$139.08
300
$41,724.00
12
$500,688.00
Year 4
$140.47
300
$42,141.00
12
$505,692.00
Year 5
$141.87
300
$42,561.00
12
$510,732.00
Year 6
$143.29
300
$42,987.00
12
$515,844.00
Year 7
$144.72
300
$43,416.00
12
$520,992.00
Year 8
$146.17
300
$43,851.00
12
$526,212.00
Year 9
$147.63
300
$44,289.00
12
$531,468.00
Year 10
$149.11
300
$44,733.00
12
$536,796.00
$5,130,144.00

Firm Term Years 1-5: $2,498,832.00
Soft Term Years 6-10: $2,631,312.00
Total: $5,130,144.00

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