5050 Grumman St , C-4

Description

Highly sought after, well maintained, and very clean West facing box hangar (not just a T hangar). A full box hangar makes it much easier to get your airplane in and out with extra space for your tools and other items. 1364 total square footage. This is a rare find at the Fort Collins Loveland Airport (FNL). Featuring eat off the floor clean epoxy flooring, pegboard for tools & organization, and other necessities. Excellent clear height of 12.5' on the overhead bi-fold door, with 40 ft 9" clear width and depth of 33' 6". This great hangar unit is super clean and is perfect for storing your airplane right by the runway. Has a very high quality Schweiss motorized bi-fold door with overhead radiant heat, insulation, and drywall (where others don't). Great condition and won't last long! The quarterly FNL Condo Association dues are only $268.73 and covers insurance for the structure, the Land Lease to Cities of Fort Collins/Loveland, all snow removal, and port-o-pottie restrooms facilities. Land Lease initial 25 year term expires 5/2026 with the option/provision to extend the term for THREE additional periods of Five (5) years terms which remain. Currently in the 1st extension term begins 5/2026 with (3) 5 year extension options remaining through 5/2041. (Buyer to verify all Lease information and do their own due diligence on the Land Lease). The airport is growing and recently added a new passenger terminal and ATC tower services. There is no real reason the Land Lease won't be extended beyond that for many more decades to come, but the Buyer should satisfy themselves with that prior to purchase during their due diligence period.