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23215 Airport Rd NE - Hangars At Aurora State Airport
72,270 SF Specialty Building Offered at $9,500,000 in Aurora, OR 97002
Investment Highlights
- 4+ T-Hangar Buildings that House 45 Aircraft
- 2 Commercial Buildings of 20,000± Square Feet
- 9 Box Hangar Buildings that House 7-14 Aircraft (each hangar can ?t 1-2 aircraft depending upon size
- 2 Parcels (Available together or separately)
Executive Summary
Tri-Prop, LLCowns and operates 16.67 acres of land and buildings at the Aurora State Airport (UAO).
The property is privately owned (fee simple title) and accesses a federally funded airport. The airport is located
just south of the Portland Oregon suburbs, off Interstate 5 and is 25 miles north of Salem, the State Capitol. This
airport is part of the National Plan of Integrated Airport Systems (NPIAS) which includes nearly 3,300 public-use
airports in the national airport system.
Population centers within 30 miles include Portland (650,000), Salem (176,000), Beaverton (99,000), Gresham
(110,000), Vancouver (192,000), and Hillsboro (106,000). As of 2020, the Portland MSA has a population of 2,512,969
people.
The Aurora State Airport is experiencing significant corporate and executive aircraft growth. Corporate jet
production is expected to increase from 693 aircraft in 2024 to 863 per year by 2029. According to Fortune global
business jet market will experience a 5.19% compounded annual growth between 2023 and 2030. The Aurora
airport master plan calls for further runway extension and expansion as both Portland International Airport and
Hillsboro airport face growth constraints.
Since 1999, Willamette Aviation, a flight school owned and operated by Tri-Prop LLC’s owners has become the
predominant FBO (Fixed Base Operator) serving entry level aviation customers with maintenance, fuel and flight
instruction services www.willametteair.com. Willamette Aviation’s business and assets are available for sale
separately from the Tri-Prop LLC property.
The property is privately owned (fee simple title) and accesses a federally funded airport. The airport is located
just south of the Portland Oregon suburbs, off Interstate 5 and is 25 miles north of Salem, the State Capitol. This
airport is part of the National Plan of Integrated Airport Systems (NPIAS) which includes nearly 3,300 public-use
airports in the national airport system.
Population centers within 30 miles include Portland (650,000), Salem (176,000), Beaverton (99,000), Gresham
(110,000), Vancouver (192,000), and Hillsboro (106,000). As of 2020, the Portland MSA has a population of 2,512,969
people.
The Aurora State Airport is experiencing significant corporate and executive aircraft growth. Corporate jet
production is expected to increase from 693 aircraft in 2024 to 863 per year by 2029. According to Fortune global
business jet market will experience a 5.19% compounded annual growth between 2023 and 2030. The Aurora
airport master plan calls for further runway extension and expansion as both Portland International Airport and
Hillsboro airport face growth constraints.
Since 1999, Willamette Aviation, a flight school owned and operated by Tri-Prop LLC’s owners has become the
predominant FBO (Fixed Base Operator) serving entry level aviation customers with maintenance, fuel and flight
instruction services www.willametteair.com. Willamette Aviation’s business and assets are available for sale
separately from the Tri-Prop LLC property.
Property Facts
| Price | $9,500,000 | Building Class | B |
| Price Per SF | $131 | Lot Size | 9.86 AC |
| Sale Type | Investment or Owner User | Building Size | 72,270 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Airplane Hangar | Year Built | 1993 |
| Price | $9,500,000 |
| Price Per SF | $131 |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Airplane Hangar |
| Building Class | B |
| Lot Size | 9.86 AC |
| Building Size | 72,270 SF |
| No. Stories | 1 |
| Year Built | 1993 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $13,680 | |
| Land Assessment | $0 | Total Assessment | $2,556,570 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$13,680
Total Assessment
$2,556,570
zoning
| Zoning Code | P (Public) |
| P (Public) |
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23215 Airport Rd NE - Hangars At Aurora State Airport
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