Buchanan Field Airport
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Buchanan Field Airport
2 Properties Offered at $1,975,000 in Concord, CA
Investment Highlights
- Fixed Based Operation (FBO) Opportunity.
- Two Existing buildings on site, 15,743 SF Hanger with Offices and a 5,200 SF Office building. Current hanger doors have a ±13.5’ hanger door opening.
- Adjacent to NEW Buchanan Field Regional Airport Terminal
- Approximately 4.15 Acres.
- Ground lease expires on June 6, 2051 (after lease extension). Potential to renegotiate a new Ground lease or an extension.
- Excellent Redevelopment opportunity with ample parking.
Executive Summary
Colliers is pleased to offer this opportunity for sale at the Buchanan Field Airport in Concord CA. The subject property is located contiguous to the newly opened Buchanan Terminal at a cost of $20M. 145 & 161 John Glenn Drive, Concord are two freestanding buildings within Buchanan Field Airport. The properties currently house one of three FBOs on the field, Sterling Aviation, as well as several unrelated companies that rent office space.
Buchanan Field Airport boasts a recently renovated runway, premier aviation services and facilities, emergency response services, access to Bay Area transportation and business centers, and amenities to connect the public to aviation. With the airport’s plans to construct a new Terminal building, we have concluded that the highest and best use of these properties would be for them to be redeveloped into airport facilities, such as; hangars, maintenance facilities, or other facilities that the expanding airport might need.
Buchanan Field Airport is a reliever airport centrally located in Contra Costa County in Concord CA and is located on 482 acres. CCR boasts 4 runways with a Federal Air Traffic Control Tower with the longest runway 19R at 5001 ft. Gross rental income is $101,640 per year.
• Fixed Based Operation (FBO) Opportunity.
• Approximately 4.15 Acres
• Two Existing buildings on site, 15,743 SF Hanger with Offices and a 5,200 SF Office building. Current hanger doors have a ±13.5’ hanger door opening.
• Ground lease expires on June 6, 2051 (after lease extension). Potential to renegotiate a new Ground lease or an extension.
• Adjacent to NEW Buchanan Field Regional Airport Terminal
• Excellent Redevelopment opportunity with ample parking.
Price Reduced! Motivated Seller.
Buchanan Field Airport boasts a recently renovated runway, premier aviation services and facilities, emergency response services, access to Bay Area transportation and business centers, and amenities to connect the public to aviation. With the airport’s plans to construct a new Terminal building, we have concluded that the highest and best use of these properties would be for them to be redeveloped into airport facilities, such as; hangars, maintenance facilities, or other facilities that the expanding airport might need.
Buchanan Field Airport is a reliever airport centrally located in Contra Costa County in Concord CA and is located on 482 acres. CCR boasts 4 runways with a Federal Air Traffic Control Tower with the longest runway 19R at 5001 ft. Gross rental income is $101,640 per year.
• Fixed Based Operation (FBO) Opportunity.
• Approximately 4.15 Acres
• Two Existing buildings on site, 15,743 SF Hanger with Offices and a 5,200 SF Office building. Current hanger doors have a ±13.5’ hanger door opening.
• Ground lease expires on June 6, 2051 (after lease extension). Potential to renegotiate a new Ground lease or an extension.
• Adjacent to NEW Buchanan Field Regional Airport Terminal
• Excellent Redevelopment opportunity with ample parking.
Price Reduced! Motivated Seller.
Property Facts
| Price | $1,975,000 | Number of Properties | 2 |
| Price / SF | $112.79 / SF | Individually For Sale | 0 |
| Sale Conditions | Redevelopment Project | Total Building Size | 17,511 SF |
| Sale Type | Investment or Owner User | Total Land Area | 4.15 AC |
| Status | Active |
| Price | $1,975,000 |
| Price / SF | $112.79 / SF |
| Sale Conditions | Redevelopment Project |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 17,511 SF |
| Total Land Area | 4.15 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 145 John Glenn Dr, Concord, CA 94520 | Specialty | 13,334 SF | - | - |
| 161 John Glenn Dr, Concord, CA 94520 | Office | 4,177 SF | - | - |
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Buchanan Field Airport
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