ONE CAMPBELL PARKWAY, EAST WENATCHEE, WASHINGTON 98802 Exceptional value for world class 64,305 sq. ft. hangar facility in Eastern Washington
ONE CAMPBELL PARKWAY, EAST WENATCHEE, WASHINGTON 98802 THE OFFERING This is an exceptional opportunity to acquire a state-ofthe-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 a buyer the opportunity to secure a 58 year term an extremely rare and valuable opportunity for an airport property. The Executive Flight Hangar consists of 64,305 square feet, allocated as follows: Office... 13,776 sq. ft. Garage/Classroom... 7,760 sq. ft. Display/Operations Hangar...15,000 sq. ft. Maintenance Hangar...18,336 sq. ft. The 15,000 sq. ft. hangar bay is used for operations and display and the 18,336 sq. ft. hangar bay has been used for maintenance. The operations hangar has a 35 ft. high by 125 ft. wide aircraft door. The maintenance hangar has two aircraft doors: one 35 ft. high by 80 ft. wide and one 30 ft.high by 70 ft. wide. The property also features an above-ground fueling station consisting of two 12,000 gallon tanks of Jet A and subsurface fueling connections along the northern portion of the ramp. There is also a 1,152 sq. ft. modular building consisting of two bedrooms, one bathroom, an office, a living room and kitchen located on the site that could be used for living quarters or for a property caretaker. Asking Price...$7,500,000 Maintenance Support/Shop...9,433 sq. ft.
FLOOR PLAN POTENTIAL BUYERS/ AREA INCENTIVES The Executive Flight Hangar is an excellent facility for a variety of uses, including corporate aircraft owners, FBOs, aircraft maintenance and service centers, aviation related business, headquarters, and aircraft component manufacturers. Second Floor Chelan County offers heavily discounted power costs due to its abundant supply of cheap, green hydro power generated by area dams. This has attracted major data centers, such as Intuit and Sabey Data Centers, to the area in recent years, and offers a significant incentive to manufactures looking to save on electricity costs. First Floor
PANGBORN MEMORIAL AIRPORT Executive Flight Pangborn Memorial Airport is one of four commercial service airports serving central Washington (Tri-Cities, Walla Walla, and Yakima being the other three). It ranks sixth in terms of passengers emplaned each year and supports air cargo feeders. A new terminal building was constructed in 1992, and a precision instrument landing system became operational in 2006. Federal approval has been received for a $30 million project to lengthen the runway at the airport. The project will improve the reliability of existing commercial flights at Pangborn, and make the airport more attractive to other airlines that fly regional jets. Executive Flight
Executive Flight
EXTERIOR HIGHLIGHTS Structural steel with insulated steel siding Hangar doors are electrically operated steel bi-fold Roof is a flat built-up design with fiberglass finish Cyclone security fence extends from near the main building entrance along the east side of the parking lot to connect with other airport security fences»» Parking area outside security fence contains 75 parking spaces including two for vehicles with disabled parking placards. The asphalt-paved parking area covers about 46,000 sq. ft.
INTERIOR HIGHLIGHTS Hangar Bays Hangars have a clear span height of approximately 40 ft. Hangar bays have epoxy treated concrete floors Maintenance hangar floor is heated Natural gas powered overhead radiant heaters service each hangar Hangar walls and ceilings have exposed insulation Lighting is a combination of suspended energy efficient fixtures and skylights Hangars are protected by a foam fire suppression system View window into the operations hangar from the reception area is covered by a fire-resistant metal door that rolls downward when the fire alarms are activated Shop and Office space Tool storage and shop space are along the western wall of the maintenance hangar and between the operations and maintenance hangar Office area is demised into a variety of single and multiple user offices, classrooms, conference rooms, kitchen and break room, and rest rooms Office flooring is a mixture of carpet, ceramic tile, and vinyl tile Lighting is in a suspended grid ceiling system and consists of a mixture of fluorescent and incandescent fixtures Reception area includes a two-story atrium with circular staircase and glass viewing wall into the operations hangar Elevator off the lobby provides ADA access between the first and second floor»» Office and classroom areas are protected by a wetsprinkler system
ONE CAMPBELL PARKWAY, EAST WENATCHEE, WASHINGTON 98802 For more Information: KATRIN GIST +1 206 292 6046 katrin.gist@cbre.com CBRE, Inc. 1420 Fifth Avenue, Suite 1700 Seattle, WA 98101 2014 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. ejs 08-28-14