Hangars on your waitlist, without your bond capacity.
You have land on an approved airport layout plan and a list of pilots waiting. Hangar Row proposes to finance, build and sell a 20-unit row on a long ground lease, while you keep the land, collect ground rent and gain based aircraft.
What the airport receives
Ground rent
At or above your published minimum. Chandler's 2025 RFP set $0.45/sf/yr (AVweb).
Transfer fee
A share of each sale, modelled at 1% on first sales and resales, following Chandler's structure (AZBEX).
Based aircraft
Up to 20 more high-performance aircraft per phase, with the fuel, maintenance and avionics activity that follows them.
No airport capital
Private construction financing and equity. The sponsor's ideal contribution is the taxilane and utility stubs, which the plan's go case requires.
Ground-rent and transfer-fee estimator
Rough sponsor revenue from one or more 20-unit phases. Illustrative; your lease terms govern.
Assumes 58,800 sf of hangar per phase, ground rent escalating 2%/yr from lease execution, first sales averaging ~$615k per unit (base projection), and resales at the chosen turnover with 2%/yr price growth. Not a forecast.
What we look for on day one
- A development area already on an approved ALP, with NEPA complete
- Room for 20 units on one taxilane (~147,000 sf of leasehold, assumption)
- A 40-year-plus term including options, extension tied to capital improvements
- Ground rent at or under ~$0.60/sf/yr
- Sponsor-funded taxilane and utility stubs, or a credit against rent
- A blanket consent to unit transfers in the master lease
- Willingness to mail our notice to your own waitlist
How we would engage
Through your published RFP, or an unsolicited proposal where no scored RFP exists. Because Hangar Row has no hangar-building track record yet, Phase 1 would run as a joint venture with an experienced hangar developer or GC.
Compliance: FAA Grant Assurances 5, 22, 23 and 24 for obligated airports; FAA Order 5190.6 on lease terms; Form 7460-1; the 2016 hangar-use policy flowed into the condo documents.
We avoid fields where a direct competitor is already building, and rural fields where condo pricing cannot cover cost. See the opportunity map in the prototype.
Open the airport mapAirport managers and economic development staff.
If you have a shovel-ready pad and a waitlist, we would like to hear from you.