Listing Details

Listing ID: 924



Listing Details

Date Posted: 03-17-2017
Location: 2220 Melville Road
Prescott, AZ 86301

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Property Information

Listing Type: For Sale

Website: Visit Our Website

Property Type: Hangar

Office/Shop Space: None

Listing Description:
Aviation Investment Opportunity
Located at the Prescott Airport (PRC), this multi-unit hangar complex was built in 2009. The facility sits on a City of Prescott long term ground lease good until October 2031 with (2) 10 year renewal options. The hangars and storage units are currently 99% occupied. PRC is a vibrant airport which is home to Embry Riddle Aeronautical University, and has more than 700 aircraft operations daily. The Airport is tower controlled with an ILS and other approaches as well as Full service FBO with Jet A & AvGas. Major Airframe and Powerplant
Maintenance services are available on airport. Prescott is ranked as one of the top 5 places to retire in the US by Money Magazine. Property Highlights:
Phase 1 – 8% Cap Rate
43 Total Units (39 Box Hangars up to 60’ x 60’)
4 Storage Units +/-71,520/SF | 3.9 Acres
Phase 2 – Vacant Land, $550,000 Infrastructure in Place

Call 505-429-0039 or 480-535-4800 for more details!

Hangar Size: 71,520 sf

For Sale Information:

Listing Price: $2,700,000.00

Hangar Type: Other
Lot Size: 7.27 acre

Additional Property Information

Land Rights and Terms: Direct Airport Ground Lease
Direct Airport Land Lease Period: Tenancy for Years
Door Type: Bi-Fold
Utilities: Electricity, Water/Sewer

Other properties near this location

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2335 ruger rd, prescott, AZ 86301

Available Hangar Space:
90' W x 80' D

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For Sale

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