SINGLE TENANT HANGAR BUILDINGS

4927 E. Falcon Drive & 5015 Roadrunner Drive
Mesa, AZ

Price $1,500,000
Price per SF $83.10
Cap Rate 10.55%
Building Size 18,050 SF
Land Area 1.148 Acres
Year Built 1987
Occupancy 100%

The subject property is two industrial flex hangar buildings that back up to each other that are both leased to AeroMaritime America. AeroMaritime America Inc. provides repair, overhaul, and testing services for Rolls-Royce 250 series engines in the United States. It offers engine/module unpacking and receiving inspection, disassembly, dirty strip inspection, sub assembly, and packing and preparation for shipment services. The company serves operators, military, and municipalities. AeroMaritime America Inc. was formerly known as Aeropower Resources, Inc. and changed its name to AeroMaritime America Inc. in January 2001. The company was founded in 1971 and is based in Mesa, Arizona. As of March 7, 2008, AeroMaritime America, Inc. operates as a subsidiary of Industria de Turbo Propulsores S.A. ITP Aero is currently the ninth largest aircraft engine and components company in the world by revenue. Ranking among the top one hundred companies in the aerospace industry (Top 100 Aerospace Companies, PwC and Flight International, 2015), the company has production centers in Spain, United Kingdom, Mexico, United States, Malta and India with over 3,500 employees. ITP Aero includes among its activities the design, research and development, manufacturing and casting, assembly and testing of aeronautical engines. It also provides MRO services for a wide range of engines for regional airlines, business aviation, helicopters, industrial and defense applications. ITP Aero is 100% owned by Rolls-Royce plc.

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