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240 Aviation Pl NE

33,686 SF Specialty Building Offered at $5,640,331 USD in Calgary, AB T2E 7G1

Investment Highlights

  • direct access to YYC runways
  • partially leased with existing income in place
  • significant interior improvements

Executive Summary

This is a rare opportunity to purchase air-side hangar space with direct access to YYC runways. The space is approximately 9,976 square feet of office build-out, inclusive of private offices with an open concept work area, front entrance common area, lobby, departure lounge, kitchenette, and wet bar. The hangars have recently had significant interior improvements completed! The space is also partially leased, and brings in stable income. The land lease is in place until 2028 with an option to renew for a further 24 years. There is ample parking with 120 employee and customer parking stalls. The spaces have radiant heating, trench drainage and make-up air systems in place.

Property Facts

Price $5,640,331 USD
Price Per SF $167 USD
Sale Type Investment
Property Type Specialty
Property Subtype Airplane Hangar
Building Class B
Lot Size 2.76 AC
Building Size 33,686 SF
No. Stories 2
Year Built 2000
Parking Ratio 3.56/1,000 SF

zoning

Zoning Code S-CRI (Special Purpose-City and Regional Infrastructure)
S-CRI (Special Purpose-City and Regional Infrastructure)
  • Listing ID: 31643312

  • Date on Market: 4/29/2024

  • Last Updated:

  • Address: 240 Aviation Pl NE, Calgary, AB T2E 7G1

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