Get LEASE NO. GS-04B-62454 Succeeding/Superseding Lease GSA FORM ... - Gsa

GSA, the nation's largest public real estate organization, provides workspace for over one million federal workers. These employees, along with government property, are housed in space owned by the federal government and in leased properties including buildings, land, antenna sites, etc.

With a firm term lease, the lease spells out the lease rate and the number of years that it will be in effect -- usually 5 or 10 years -- after which the lease terminates.

“GSA's lease renewal rate is 94%” This figure is typically cited as the renewal rate.

“Succeeding lease” means a lease whose effective date immediately follows the expiration date of an existing lease for space in the same building. “Superseding lease” means a lease that replaces an existing lease, prior to the scheduled expiration of the existing lease term.

“Succeeding lease” means a lease whose effective date immediately follows the expiration date of an existing lease for space in the same building. “Superseding lease” means a lease that replaces an existing lease, prior to the scheduled expiration of the existing lease term.

GSA-leased properties currently trade at an average cap rate of 7.25% compared to 4.5% to 5.5% for investment grade, single-tenant, triple net leased properties, and a 10-year U.S. Treasury bond yield of less than 2%.

“Simplified lease acquisition threshold” means the simplified acquisition threshold (see FAR 2.101), when applied to the average annual amount of rent for the term of the lease, including option periods and excluding the cost of services.