The Hangars, an office and hangar facility with access to Phoenix-Mesa Gateway Airport, has sold for $7 million. It is one of the largest hangar facilities on the West Coast at 73,826 feet and is also currently vacant.
According to AZRE, the facility includes 22,900 square feet of office space and two, fully air-conditioned hangars totalling 25,800 and 25,140 square feet. There is also a main lobby, executive offices, conference rooms, a kitchen and locker rooms.
“The Hangars’ new owners have had strong tenant interest from the very beginning of this process and we expect that interest to continue as they lease out the building,” said JLL Managing Director Bill Honsaker. “The unique amenities of this project, the growth of Phoenix-Mesa Gateway Airport and the growth of Arizona’s aerospace sector as a whole have put them in a great position.”
To read more about this major deal from AZRE, click here.