Airport Real Estate Update (September 2015)

PROPERTIES

New Corporate Aircraft Hangars (Quad 7)

at Boeing Field
Seattle, Washington

HANGAR H-2: SOLD
HANGAR H-1: DEAL PENDING

Extraordinary Opportunity to Own the Newest Corporate Aircraft Hangars at Boeing Field.

The site is ideal for numerous kinds of buyers, including private aircraft owners, fixed-base operators, and aviation-related businesses. Anyone who has researched developing their own hangars at Boeing Field knows that vacant land is scarce and the development process can easily take over five years. These world-class hangars have over 33 years remaining on the airport ground lease—an opportunity not to be missed.

Evergreen Airlines Property Portfolio

at McMinnville Municipal Airport
McMinnville, Oregon

Directions | Property Flyer

DEAL PENDING
- BUILDINGS 3500 & 3600

Six Properties Totaling 153,887 Rentable Sq. Ft. located on Approximately 40 Acres at the McMinnville Oregon Airport. Evergreen International Airlines is selling its portfolio of properties located at the McMinnville, Oregon airport. This is an extraordinary opportunity to obtain a state-of-the art campus consisting of six properties for an exceptional price, on fee simple land.
The site is ideal for aircraft manufacturers and services centers, component manufacturers, airlines, aviation-related businesses, company headquarters, and aviation enthusiasts.

London, Ontario

1979 Otter Place
London, Ontario

Directions | Property Flyer

DEAL PENDING

State of the art 17,509 sq. ft. aircraft hangar with nicely appointed corporate offices on two floors. Large concrete apron with direct access to London International Airport.

Premier Site Including Two Hangars
and One Office Building

2140 & 2146 NE 25th Avenue
Hillsboro, Oregon

Directions | Property Flyer

Unique opportunity to acquire three adjacent properties exceptionally situated at the Hillsboro Airport. The site is nicely landscaped throughout, and includes a private security gate and an auto parking area. The properties may be purchased individually, or as a package for $1.9 million for all three buildings.

Aerovertigo Hangar

3121 NE Cornell Road
Hillsboro, Oregon

Directions | Property Flyer

Great opportunity to acquire a nicely appointed 18,720 sq. ft. aircraft hangar. The property is located on the northwest corner of the Hillsboro airport, and is accessible via Perimeter Road, an access road with a gated keypad entry that provides added security.

230 Aviation Place NE

Calgary, Alberta

Directions | Property Flyer

This ±33,677 sq. ft. facility at the Calgary International Airport has direct runway access and features two air-side hangar bays and direct runway access. The land lease term is until 2028 with an option to renew for another 24 years. There is ample parking with 120 employee and customer parking stalls.

West Side Hangar

Sherman / Denison, Texas

Directions | Property Flyer

PRICE REDUCED

The brand new West Side Hangar is ±28,275 sq. ft. with ±12,000 sq. ft. of office and shop space, and a 118' x 28' door. The interior is ready for a customization to fit a tenant's or buyer's special needs.

±125,000 Sq. Ft. Facility Located on ±7.24 Acres of Fee Simple Land at the Wilson Industrial Air Center Airport

Wilson, North Carolina

Directions | Property Flyer

Wilson Industrial Air Center has a unique opportunity for an aviation related business to have a location with runway access on fee simple land. This facility may be appealing for aviation related manufacturing, and could be modified for aircraft storage. The Wilson Industrial Air Center is less than 5 miles to I-95 via US-264 and 45 miles east of Raleigh, NC, and the facility is adjacent to the runway, used by industrial, commercial, governmental, medical, military and recreational aircraft.

Two Corporate Aircraft Hangars Located on Fee Simple Land at the Springdale Municipal Airport

935 Caudle Avenue & 859 Ellis Lane
Springdale, Arkansas

Directions | Property Flyer

This is a great opportunity to purchase two corporate aircraft hangars (±15,120 and ±13,380 sq. ft.) located on ±1.86 acres of fee simple land. Just one mile southeast of the city center, the airport occupies 221 acres. There is one runway located at the airport, Runway 18/36, measuring 5,302 feet in length. The runway is served by a full length parallel taxiway on the west side, and a partial taxiway on the east side.

Hangar 5513

Sherman / Denison, TX

Directions | Property Flyer

Hangar 5513 is ±54,000 sq. ft. with ±30,000 sq. ft. of shop area and four 64' x 24' doors. The North Texas Regional Airport is a full service facility strategically positioned in the heart of the booming North Texas corridor, adjacent to the heavily traveled State Highway 289 (Preston Trail Road) just 60 miles north of Dallas, with a 9,000 foot runway wide enough of the largest commercial aircraft. The facilities are competitively priced, and a great alternative to other airports in the area.

These facilities are ideal for a variety of operations, including aviation manufacturing, refit, repair, cargo and retail operations, and aircraft maintenance and repair.

Starbucks Hangar at Boeing Field

Boeing Field
Seattle, Washington

Directions | Property Flyer

CBRE and Kinzer Real Estate are pleased to present this rare opportunity to secure long-term access to an existing, operational hangar facility. The offering consists of Starbucks' leasehold interest in an aviation hangar facility located at 6771-A Perimeter Road at King County International Airport. The facility consists of 14,154 sq. ft. of improvements upon 44,252 sq. ft. of land.

Soldotna, Alaska Hangar

775 Funny River Road
Soldotna, Alaska

Directions | Property Flyer

PRICE REDUCED

This ±10,800 sq. ft. aircraft hangar is located on a 23,480 sq. ft. parcel at the Soldotna Municipal Airport, and is a great fit for a variety of aviation related operations. The hangar was recently built, and is in like-new condition, featuring high quality office space and a radiant heated, insulated interior. The airport is located on Funny River Road about one mile from the commercial business areas and motels. It is immediately adjacent to the Kenai River. The airport runway 7-25 is 5,000-foot long and paved.

Executive Flight Office and Hangar Facility

at Pangborn Memorial Airport
East Wenatchee, Washington

Directions | Property Flyer | Video Clip of Hangar Space

Exceptional Value for World Class 64,305 Sq. Ft. Office and Hangar Facility in Eastern Washington. This is an exceptional opportunity to acquire a state-of-the-art hangar and office facility in Eastern Washington located on a 216,667 sq. ft. site at the Pangborn Memorial Airport. The facility was built in 1998 and is like new, featuring two impressive hangar bays and abundant Class A office Space.
The land lease with the airport runs through June 1, 2047, with an option to extend the lease through June 1, 2072, thus giving the buyer the opportunity to secure a 58 year term - an extremely rare and valuable opportunity for an airport property.
It is an excellent opportunity for a variety of uses, including corporate aircraft owners, FBOs, aircraft maintenance and service centers, aviation related business, headquarters, and aircraft component manufacturers.

Hangar C at Chuck Hall Aviation

at 2898 Montecito Road
Ramona, California

Directions | Flyer

A unique opportunity to own or lease one of the nicest hangars in San Diego County. Hangar C at Chuck Hall Aviation is situated on a wide taxiway close to Runway 27, and consists of ±5,000 sq. ft., which includes ±1,500 sq. ft of high-end office space. The hangar is ideal for a variety of aircraft, including warbirds, homebuilts, VLJ's, and turbo props.

SilverWing

at 1206 Spitfire Street
Sandpoint, Idaho

Directions

CBRE, as the Exclusive Representative for SilverWing at Sandpoint LLC, is pleased to offer for sale SilverWing, a 45 lot residential ‘Air-Park' development, located in Sandpoint, Idaho. The Property sits adjacent to the Sandpoint Municipal Air Field and features a ‘Through-the-Fence' (TTF) agreement with Bonner County allowing residents of SilverWing direct access from their hangar/homes to a publicly maintained airport suitable for the operation of small to medium sized propeller-driven and jet aircraft.
The lots are fully entitled for the development of private residences which may sit atop or adjacent to aircraft hangars.
All roads, utilities and site work have been completed and each lot, with the exception of the two model homes, one of which is available for immediate occupancy, is ready for vertical construction.
The Property consists of 18.4 acres and includes: 44 entitled residential lots, one fully finished 6,160 sq. ft. hangar/home, one 6,160 sq. ft. fully enclosed, but unfinished hangar/home and one 69,224 sq. ft. commercial lot intended for the storage and repair of large aircraft. Lots range in size from 5,858 sq. ft. to 26,771 sq. ft.
The full Offering Memorandum for SilverWing can be obtained on the following website: https://www.cbremarketplace.com/SilverWing/ For additional information, please contact Steve Ridenour at +1 208 660 5010 or sridenour@naiblack.com.

Amelia Earhart Hangar

at Yuma International Airport
Yuma, Arizona

Directions | Property Flyer | Website

The Amelia Earhart Hangar features an 18,000 sq. ft. hangar bay, plus an additional 4,500 sq. ft. of office/shop space, and a 31 foot tall hangar door clearance. It is positioned on the Defense Contractor Complex ramp at Yuma International Airport/MCAS, Yuma, Arizona, which is located on the South West portion of the airfield where Taxiways Hotel and Foxtrot intersect.
The Defense Contractor Complex ramp is rated for 980,000 lb. aircraft with accompanying 13,300' x 200' runway.
The airport is strategically located next to America's largest testing, training, and bombing range complex (Yuma Proving Grounds, Barry M. Goldwater Range, and Chocolate Mountain Aerial Gunnery Range).
The hangar is positioned on ±3.16 acres located next to the airport's Federal Express Facility, includes ample ramp space, and is easily accessible from Runway 3L/21R via taxiway Foxtrot and Hotel.

Hangar 7

at Premier Jet
Carlsbad, California

Directions | Property Flyer | Website

PRICE REDUCED

A Unique Opportunity to Own Your Private Hangar and Office at the Palomar Airport in Carlsbad. Hangar 7 is 3,583 sq. ft. and includes two large built-in office suites. The hangar door measures 48' wide and 18' tall, and features vertical lift technology by Megadoor. The current owner housed both a Lear 60 aircraft and a Jet Ranger helicopter inside the hangar.
Palomar Airport in Carlsbad, California, is the gateway to and from San Diego's North County, serving the general and corporate aircraft communities, and providing commercial services.

Aircraft Hangar and Office Space

Olympia, Washington

Directions | Property Flyer

Glacier Aviation will provide complimentary flights or ground transportation (weather dependent) to and from the tenant's residence or business within ±70 miles, and will provide tenants with significant fuel discounts. There are three separate sites available in Olympia:

Large corporate aircraft hangar
Hangar space for Eclipse-sized aircraft
Corporate office/lobby

Boeing Field Aircraft Hangar Development Opportunity

Boeing Field
Seattle, Washington

Directions | Property Flyer

Legacy Aviation is the ideal partner for Boeing Field tenants looking to develop their property. Legacy Aviation's hangar design features LEED® Silver Certification through the incorporation of the latest energy efficient and recyclable materials, targeted to minimize the development's impact on the environment.

LEASED

Arlington Airport

Arlington, Washington

Property Flyer

One 19,200 sq. ft. Hangar and Two 3,000 sq. ft. Hangars (17804) The Arlington Airport hosts several businesses making significant contributions to the aviation industry. Some activities include flight instruction, emergency parachute manufacturing, kit plane and sailplane sales/ manufacturing, historic and decommissioned aircraft restoration, aircraft upholstery, aircraft cover manufacturing, and much more.
Every year in July, the airport is host to one of the nation’s largest fly-ins.
The airport is home to corporate and decommissioned military jets, vintage aircraft, piston aircraft, helicopters, gliders, and ultralights.

Private Hangar and Office Space

at Boeing Field
Seattle, Washington

Directions | Flyer

Rare Opportunity to Lease Space Inside Exclusive Boeing Field Hangar.

This world class 71,695 sq. ft. (200' x 200' x 55') hangar currently has ±10,500 sq. ft. of hangar and office space available for lease. This is a once in a lifetime opportunity to keep your aircraft inside the most private, secure, and alluring hangar on Boeing Field.

OFF MARKET

Renton Airport

Renton, Washington

Unique Opportunity to Acquire A Magnificently Remodeled 11,020 sq. ft. Aircraft Hangar.

Ace Aviation recently secured a 40-year ground lease from the Renton Airport, on three aircraft hangars located on the southeast area of the tarmac. A 31,253 sq. ft., state-of-the-art, fixed base operator (FBO) facility, which will offer aircraft fuel and service a range of aircraft, including amphibious aircraft and corporate jets, will be built in place of the two smaller hangars.

The hangar for sale is located next door to the site of this new facility, and the owner will complete various improvements to the hangar as part of the purchase price, including the build-out for an aircraft tail section with a hangar door opening of at least 100' wide and 20' tall.

Paine Field Airplane Hangar

at 10723 Bernie Webber Drive
Mukilteo, Washington

Directions

This pristine hangar has all the extras. You can have your own brand new hangar for the same cost as leasing space alongside several other aircraft in a hangar at Boeing Field. This option is especially attractive for those individuals residing north of Seattle or on the Eastside. The drive time from Edmonds to the hangar is 21 minutes, as opposed to 34 minutes to Boeing Field, and the drive time from Bellevue to the hangar is 28 minutes, just eight minutes more than to Boeing Field.