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Buchanan Field Airport (CCR)
Concord, CA
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Hangars at Buchanan FAQ

Q.1      When will construction of the hangars begin and when will it be completed?
Q.2      How is this facility different from renting a traditional hangar?
Q.3      Is a hangar at Buchanan Field Airport a good investment?
Q.4      Is financing available?
Q.5      How do I get the best selection and pricing for a new hangar?
Q.6      How do I receive periodic updates on construction progress, hangar availability, pricing, etc.?
Q.7      How do I obtain a reservation for selecting a hangar?
Q.8      Are there rules and regulations governing the use of the hangar?
Q.9      How does the Condo Association work?
Q.10      What are typical permitted uses of the hangars?
Q.11      How are the hangar utilities configured and metered?
Q.12      Are there any limitations on where I can buy fuel?
Q.13      After I acquire my hangar, what additional costs can I expect?
Q.14      How will the insurance be handled?
Q.15      How is title to my hangar held and do I own the land?
Q.16      What is the term of the ground lease?
Q.17      How about after-hours access?
Q.18      Where will I park my car?
Q.19      What about overall security for the airfield?
Q.20      Can two partners acquire a hangar?
Q.21      What specifications and amenities are included with each hangar?
Q.22      How can the office bungalow be utilized?

A.1

    

When will construction of the hangars begin and when will it be completed?

 

 

Construction will begin when enough hangars have been sold in any one phase to satisfy construction lender requirements which is anticipated to be 70% to 80% of the units. Obtaining remaining approvals and construction will be completed in approximately 10 months.

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A.2

    

How is this facility different from renting a traditional hangar?

 

 

There are many advantages to purchasing rather than leasing a hangar at Buchanan Field Airport. Here are just a few:
  • Instead of renting, you OWN your hangar subject to a long-term ground lease agreement with Contra Costa County.
  • All of the appreciation in the hangar value over time will benefit you directly when you choose to sublet or resell your leasehold interest.
  • At any time you can sell, rent or lease your hangar to another party.
  • You can configure your hangar space to match your needs, now or in the future.

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A.3

    

Is a hangar at Buchanan Field Airport a good investment?

 

 

Yes!

Demand for office/hangar facilities at Bay area airports exceeds supply—some wait lists are long and most units that become available are for lease, not for sale.

Advantages of ownership versus leasing may include:
  • Tax benefits/depreciation
  • Capital appreciation
  • Fully transferable asset—sale or lease to third parties permitted
Substantial barriers to new development at existing airports include:
  • Land availability
  • FAA regulations/approvals
  • Community opposition to new development

Continuing demand, advantages of ownership and constraints on new supply all combine to make an investment in the Hangars at Buchanan Airport an excellent choice!

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A.4

    

Is financing available?

 

 

As with previous projects, we expect to make arrangements with our construction lender to provide long-term financing for hangar purchasers.
The Small Business Administration also offers financing for qualified borrowers. For additional info click here.

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A.5

    

How do I get the best selection and pricing for a new hangar?

 

 

Complete a Reservation Agreement. The earlier your reservation is made, the better the selection of hangars you'll have. Prices on un-reserved units will increase prior to construction commencement, during and following construction. Early reservations will receive the best pricing. Reservations will be accepted on a first come, first served basis and the order in which reservations are received will determine the priority for selection of hangar units. Click here to download a Reservation Agreement. The Reservation Agreement may be terminated at any time and the Deposit is fully refundable.

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A.6

    

How do I receive periodic updates on construction progress, hangar availability, pricing, etc.?

 

 

Complete a Status Registration Form by clicking here. By registering, you will receive periodic email status reports about the project.

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A.7

    

How do I obtain a reservation for selecting a hangar?

 

 

Complete a Reservation Agreement. The earlier your reservation is made, the better the selection of hangars you'll have. Prices on un-reserved units will increase prior to construction commencement, during and following construction. Early reservations will receive the best pricing. Reservations will be accepted on a first come, first served basis and the order in which reservations are received will determine the priority for selection of hangar units. Click here to download a Reservation Agreement. The Reservation Agreement may be terminated at any time and the Deposit is fully refundable.

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A.8

    

Are there rules and regulations governing the use of the hangar?

 

 

In additions to airport rules and regulations, the Condominium Association may impose rules and regulations governing uses and activities in common areas, alterations of building exteriors, etc.

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A.9

    

How does the Condo Association work?

 

 

The Condominium Association will be incorporated in the State of California and governed by a Board of Directors elected by the hangar owners who will be members of the Condominium Association. The Association will be formed for the purpose of exercising the powers and performing the duties of the Association set forth in the Bylaws, the Articles of Incorporation of the Association and the Declaration of Covenants, Conditions and Restrictions; preserving, protecting and enhancing the values and amenities of the Project; and promoting the health, safety and welfare of the Members of the Association. The Condominium Association will be responsible for the management and maintenance of the hangar facilities.

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A.10

    

What are typical permitted uses of the hangars?

 

 

Aircraft storage and minor maintenance/assembly (no open flame).

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A.11

    

How are the hangar utilities configured and metered?

 

 

Separately metered 100 amp, 120/240 volt single-phase electrical service.

Water and sewer connections are available in each hangar (and office) for a restroom.

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A.12

    

Are there any limitations on where I can buy fuel?

 

 

You can purchase fuel from any supplier you choose.

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A.13

    

After I acquire my hangar, what additional costs can I expect?

 

 

The price of your hangar/office will provide you with exclusive use of your hangar/office space for the life of the ground lease.

In addition to the purchase price of a unit, purchasers can expect to pay their prorata share (based on the square footage of each hangar as a percentage of the total project square footage) for the maintenance and operation of the buildings and common area improvements including:
  • Ground Rent
  • Maintenance
  • Property and Liability Insurance
  • Operating Reserves
Based on a preliminary budget for the association, owners can expect to pay $0.25 per unit square foot on a monthly basis. For example, monthly assessments would range from $450 for a 45 foot by 40 foot hangar to $3,150 for a 140 foot by 90 foot hangar. For the Preliminary Operating Budget and a projected assessment for each individual unit, click here.

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A.14

    

How will the insurance be handled?

 

 

The overall building and general liability insurance policy premium will be included in the common charges passed on to each owner based on their prorata square footage.

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A.15

    

How is title to my hangar held and do I own the land?

 

 

Title to the improvements subject to a long-term ground lease will be conveyed by deed insured by a title company. ADG has executed a long-term ground lease with Contra Costa County. Each hangar owner will enter into a long-term sublease with ADG for a specific portion of the building (hangar/office) for the duration of the ground lease. Provisions will be made in the ground and subleases to allow the transfer of the operation of the facilities to a Condominium Association (comprised of owners), once all of the units have been sold.

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A.16

    

What is the term of the ground lease?

 

 

The lease term is 40 years. The lease rate is $0.48 per square foot annually. Based on the current site plan, projected ground lease payments would range from $223 per month for a 45 foot by 40 foot hangar to $1,498 per month for a 140 foot by 90 foot hangar. Actual ground lease payments may vary and are included in the condominium owners association assessments. For the Preliminary Operating Budget, click here.

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A.17

    

How about after-hours access?

 

 

Each owner will have 24-hour access to his or her hangar/office suite.

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A.18

    

Where will I park my car?

 

 

Options include parking inside your hangar or in the parking spaces adjacent to the office.

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A.19

    

What about overall security for the airfield?

 

 

Access to the hangar community is via a gated, private entrance. One of the benefits of a hangar at Buchanan Field Airport versus other GA airports is the added security to protect you, your aircraft and your property. Security is a major concern at CCR and they treat it seriously. There is a simple process that you will go through to gain access to the airfield.

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A.20

    

Can two partners acquire a hangar?

 

 

Certainly. The long-term sublease will be with a single entity, but any arrangement that you and your partner/partners wish to put together is fine. A good strategy may be to have two partners, each with an interest in an LLC that is the lessee, each with their own aircraft, purchase a single hangar that will accommodate both aircraft. This approach provides all the benefits of owning your own hangar at approximately 50% of the investment.

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A.21

    

What specifications and amenities are included with each hangar?

 

 

For standard hangar amenities, click here.

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A.22

    

How can the office bungalow be utilized?

 

 

Office bungalows are ideally suited for corporate flight departments and aviation businesses, such as aircraft charter, aircraft brokerage, avionics and light maintenance.

Tenant improvements could include:
  • Bathroom/shower
  • Conference room
  • Kitchen
  • Flight planning room
  • Media room
  • Office(s)
  • Pilot lounge
  • Reception area
  • Rest area
  • Crew quarters

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ALL BUILDING DIMENSIONS SHOWN ARE NOMINAL. ACTUAL DIMENSIONS MAY VARY DUE TO CONSTRUCTION CONDITIONS.
Site Plans, elevations, amenities, specifications, prices and building dimensions are subject to change without notice.

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