Orlando North Airport, Operations, Hangars & Land

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Airport Operations & Hangar Leases
Asking Price:
$10,500,000

Gross Revenue:
$522,000
Cash Flow:
$475,000
EBITDA:
$375,000
Inventory:
$100,000
included in asking price

FF&E:
$2,000,000
included in asking price

Real Estate:
$8,000,000
included in asking price

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Business Description

Extraordinary Opportunity! This is a 446.8 Acre MULTIPLE PARCEL ID property - 440.8 acres in Orange County & 6.01 acres in Lake County. (There are TEN (10) common owner property tax ID's with total acreage of 446.8 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.

About the Business

Year Established:
2005
Number of Employees:
2
Real Estate:
Owned
Building Sq. Ft.:
93,840
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.
Website:
bobbrewster.com
Market Outlook/
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.
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About the Sale

Reason For Selling:
The owners are not developers but are agriculture industry professionals.
Training/Support:
Seller will assist buyer gaining approvals for development of property and continued growing of airport revenues.
Seller Financing:
Price of $10.5M is the offer starting point. Best Offers are being reviewed

Listing Info

ID:
1349996
Ad Detail Views:
445

Attached Files Attachment Disclaimer

  Land Description & Tax ID's (1 MB)
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Business Listed by
Robert Brewster

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U.S. Census Data for Orange County, FL
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Orange County, FL
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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