Orlando North Airport, Operations, Hangars & Land

Apopka, FL (Orange County)

Hangars & Taxiways
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Asking Price: $10,500,000

Cash Flow: $475,000

Gross Revenue: $522,000

EBITDA: $375,000

FF&E: $2,000,000

Inventory: $100,000

Real Estate: $8,000,000

Established: 2005

Orlando North Airport, Operations, Hangars & Land

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Business Description

Airport Operations & Hangar Leases

Extraordinary Opportunity! This is a 306 Acre MULTIPLE PARCEL ID property - 299 acres in Orange County & 6.01 acres in Lake County. (There are TEN (10) common owner property tax ID's with total acreage of 306 acres. Orange County land has been designated a ''Growth Center'', which allows special zoning and development opportunities. An extensive study of this property was commissioned in support of the Growth Center designation that focuses on Aerospace / Manufacturing / OEM type development reliever to Orlando. The sellers are open to partial sale offers but strongly desire to sell all. Present income from Hanger Leasing, Fuel Sales and Flight Operations.

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Detailed Information

Location:
Apopka, FL
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
93,840
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Orlando North Airport proper includes 41 acres and $2,000,000 improvements. Improvements are comprised of 27(48) buildings, 2700' paved runway,1400 grass overrun runway, double taxiways. The 24 all metal hangars are 3760 sq.ft with doors at both ends so that hangars can be split 50/50 allowing for 48 tenants. All hangars are leased. The operations building is 1200 sq.ft. Also on the property is a Single family 1,400 sf home used for security. Includes an above ground fuel farm with pumps. Seller wants to sell all in one purchase agreement.
Competition:
Orlando proper and Orange County are both top growth centers for the United States. This growth requires increased aviation facilities to provide transportation support for business and companies. Other airports are limited by the amount of land available and are also centered in high density residential areas. Orlando North Airport offers the same growth opportunities but is located for long term expansion without high density residential encroachment. This advantage will allow companies to relocate or start new divisions with support from local, county
Growth & Expansion:
This property is a licensed airport with support from county and state for expansion. This is a major plus because obtaining new airport approval and licensing are very difficult if not impossible in areas where high growth is happening or expected. The present runway if 4,000' which can handle most general aviation aircraft but for business aviation the runway will need to be lengthened to around 7,000' to meet balance field takeoff requirments.
Financing:
Price of $10.5M is the offer starting point. Best Offers are being reviewed
Support & Training:
Seller will assist buyer gaining approvals for development of property and continued growing of airport revenues.
Reason for Selling:
The owners are not developers but are agriculture industry professionals.
Business Website:
http://bobbrewster.com
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Business Listed By:
Robert Brewster

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