California Department of Child Support Services 1000035152

101 New Montgomery Lease

The California Department of Child Support Services awarded a lease contract to 101 NEW MONTGOMERY TIC for the property at 101 New Montgomery. The contract, categorized under real property rental or lease, is valued at approximately $12,031,661. It includes multiple lease components: a primary lease with a total award amount of about $8,231,661, a secondary lease component valued at $3,600,000, and a smaller lease component of $200,000. The lease term starts on January 1, 2025, and is set to end on December 31, 2036. The contract is a non-purchasing lease, with the department acting as the buyer. The award is part of a long-term lease arrangement, with ongoing payments and outstanding purchase orders. The vendor, 101 NEW MONTGOMERY TIC, is a non-LBE entity. The award involves real property rental or lease services, and the contract is managed under the authority to be used in non-purchasing BPO/PO for rent.

Description

101 New Montgomery Lease