Aviation Investors Interested in Owning an FBO

Summary

Amazing opportunity for aviation investors to own and operate an FBO at La Porte Municipal Airport (T41) in La Porte, TX. This historic airport was once the overflow field for Houston’s historic Ellington Field Joint Reserve Base, now Ellington Airport (KEFD).

La Porte Municipal Airport is ideally located near downtown Houston, Ellington Airport, Hobby Airport, Clear Lake, NASA, and the Houston Ship Channel, providing nearby beautiful aerial views of Clear Lake, Galveston Bay, Galveston, and downtown Houston.

Opportunity

To own the following improvements on city owned ground lease:

• 1 – large hangar with paint booth, air conditioned office space, restroom, and warehouse/storage space
  • hangar with paint booth (approximately 60’ x 100’)
  • office and storage/warehouse space (approximately 30’ x 80’)
• 1 – office with parts storage area (approximately 30’ x 40’) – air conditioned with restroom, attached to one of the T-hangar buildings (see below)
• 3 – long t-hangar buildings with fully enclosed t-hangars and some partially enclosed t-hangars
  • 1 – approximately 35’ x 210’ – 7 enclosed t-hangar spaces, attached office on Northwest side (listed above), and small office space (on Southeast side of building with A/C & RR)
  • 1 – approximately 38’ x 208’ – 6 enclosed t-hangars and 2 offices (1 on each end of the building, both with A/C and RR)
  • 1 – approximately 56’ x 208’ – 5 enclosed t-hangars, 4 covered tie-downs, and 2 offices (1 on each end of the building, both with A/C and RR)
• 5 – existing open air tie-downs with plent of space to add more
• plenty of open space to build more structures

Exclusions

Land is ground lease, not fee simple. You will be purchasing the improvements only. Existing FBO business, business name, parts inventory, and equipment DO NOT convey with sale. City will renew ground lease with new owner for an additional 25 years.

Investment Potential

• all t-hangar spaces are currently leased with a waiting list of potential tenants
• office in large hangar is currently leased
• this airport location would be ideal for an aviation related business (avionics, A&P, paint, flight school, etc.)
• open land for expansion