City reviews AVR sale-leaseback proposal for 400 Richmond
City of South St. PaulCity · South St. Paul, MN- Disclosed value
- Proposed purchase price $5,693,000 after a 4.3% reduction ($257,000) from $5,950,000; proposed lease rate $30,000 per month NNN
- From agenda
- Document date
- Mar 23, 2026
- Renews
- Free account
The 30-second brief
South St. Paul’s council will review and provide feedback on a proposed sale and leaseback agreement with AVR for 400 Richmond Street East, including a reduced purchase price of approximately $5.69 million, a $128,200 environmental escrow, and a lease at $30,000 per month NNN through at least December 31, 2027. The proposal also includes City options to extend occupancy through 2029 while accommodating AVR’s future concrete batch plant.
AVR holds this facilities contract with City of South St. Paul. Its other public contracts on record include work for Crosby Mud and FORT BEND COUNTY WCID 2.
The renewal date is on record. A free account shows it, with the renewals for every City of South St. Paul contract.
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Contract details
- Contract type
- Facilities
- Amount
- Proposed purchase price $5,693,000 after a 4.3% reduction ($257,000) from $5,950,000; proposed lease rate $30,000 per month NNN
- Document date
- March 23, 2026
- Term
- Proposed lease term ending December 31, 2027, with City option to extend up to 24 months (through December 31, 2029)
- Renews
- Free account
- Vendor
- AVR
- Agency
- City of South St. Paul
- Source document
- City of South St. Paul Work Session Agenda March 2026 (Agenda)
AVR's other public contracts
More City of South St. Paul contracts
Questions about this contract
Who was awarded the facilities contract by City of South St. Paul?
AVR was awarded this facilities contract by City of South St. Paul, as recorded on March 23, 2026. The contract value is Proposed purchase price $5,693,000 after a 4.3% reduction ($257,000) from $5,950,000; proposed lease rate $30,000 per month NNN.
How much is the AVR contract with City of South St. Paul worth?
The AVR contract with City of South St. Paul is valued at Proposed purchase price $5,693,000 after a 4.3% reduction ($257,000) from $5,950,000; proposed lease rate $30,000 per month NNN, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a agenda record.
Where was this contract approved?
This contract appears in City of South St. Paul Work Session Agenda March 2026 (Agenda), dated March 23, 2026 from City of South St. Paul. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does AVR hold?
AVR may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of South St. Paul currently buying?
Explore City of South St. Paul's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.