DeKalb County Regional Airport Authority |
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2013 Corporate Hangar Construction |
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The Authority will grant 1-years land lease for every $23,500 per 1.5 Acre investment annually. ($0.03585 per Square Foot per year) |
At the end of the Land Lease, the building becomes the property of the Authority. |
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In the past, we have had some immediately transfer the hangar to us to save taxes if depreciation (building) is not desired over time. |
The Authority will construct the airside ramp and access to the parallel taxiway. In the past this has been between $80,000 – $110,000. |
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$117,500.00 |
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5-years land lease |
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$235,000.00 |
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10-years land lease |
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$352,500.00 |
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15-years land lease |
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$470,000.00 |
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20-years land lease |
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$587,500.00 |
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25-years land lease |
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$705,000.00 |
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30-years land lease |
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Airport Authority handles all snow removal, airside and landside and all mowing. |
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Company constructing hangar would pay for utilities, building maintenance, taxes and ???? |
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On average the cost of hangaring an aircraft in a high-end hangar is roughly $1,250.00 per month. |
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If this hangar had enough space for: |
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x5 years |
x10 years |
x15 years |
x20 years |
x25 years |
x30 years |
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1 aircraft = |
$15,000 |
per year |
$75,000.00 |
$150,000.00 |
$225,000.00 |
$300,000.00 |
$375,000.00 |
$450,000.00 |
Revenue |
2 aircraft = |
$30,000 |
per year |
$150,000.00 |
$300,000.00 |
$450,000.00 |
$600,000.00 |
$750,000.00 |
$900,000.00 |
Revenue |
3 aircraft = |
$45,000 |
per year |
$225,000.00 |
$450,000.00 |
$675,000.00 |
$900,000.00 |
$1,125,000.00 |
$1,350,000.00 |
Revenue |
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Please contact: |
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Russ Couchman, MPM, CM |
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General Manager and Treasurer |
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DeKalb County Airport Authority |
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2710 County Road 60, Suite 200 |
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Auburn, IN 46706 |
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260-927-8876 Office |
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260-333-0208 FAX |
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www.dekalbcountyairport.com |
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