1650 Airport Drive, Hangar 98 Cleburne Regional Airport, Cleburne, Texas 76033

12,000 SF hangar/office facility built in 1988
Hangar Bay: 126’ wide x 76’ deep
Hangar door opening: 124’ wide x 24’ tail clear height
Downstairs: 3,000 SF of shell office space: executive offices, conference room, break room, parts room and restrooms
Upstairs: 2,736 SF of shell unfinished office and shop space: break room and office space
New concrete aircraft parking apron
Facility equipped with painting ventilation system, three‐phase electric, air compressors, backup generators and explosion proof lighting
Facility located within the secured gated portion of Cleburne Regional Airport

Leasehold Sale Price: $595,000.00

Leasehold Property: hangar is located on long term ground lease property with the City of Cleburne
15-year ground lease with one 10-year option; ground lease term is through October 2041
Ground rent rate is $1,331.99 per year to the City of Cleburne
Ground rent is currently exempt for the first 10-years in exchange for Lessee improvements made