CBRE, Inc., and DAUM on behalf of ownership as its exclusive advisors, are pleased to offer for sale the leasehold interest in the Gateway Executive Airpark at the Phoenix-Mesa Gateway Airport (“IWA”).

Gateway Executive Airpark is comprised of three (3) free standing hangars approximately 185,590 square feet located at 5559 S. Sossaman Road, Mesa, Arizona the (“Property”). The Property is leased to Virgin Galactic, Boeing, and JetNexa (“Tenant’s”), each company leasing entire hangar buildings, or suites, exclusively.

The developer recognized the rapid growth, increased demand, and incredibly low supply for well-located state-of-the-art hangar space at Mesa Gateway Airport, and accordingly moved forward with a speculative development enabling them to secure three long-term, commerce valuable, tenants. The successful negotiations of three long-term and airport driven tenants attests to the airport’s growth vision and further provides merit to Phoenix Mesa Gateway Airport’s (“PMGA”) commitment to Mesa’s thoughtful employment initiatives. With its strategic location in Maricopa County and as a reliever airport for Phoenix Sky Harbor International Airport, the Phoenix- Mesa Gateway Airport is well-positioned for continued growth and success in the near future. Due to the Airport’s recent explosive economic growth in aviation, manufacturing, and data centers, etc. the Airport amended the master plan in 2020 to support, sustainably, the growth of the Airport. The presence of companies like Textron Aviation, Cessna, Embraer, Able Aerospace Services, and now the new Gulfstream Services Center, Virgin Galactic, and Boeing further underscores the airport’s significance as a hub for major aviation and other businesses within their supply chains.

The Airport’s recent rapid growth and booming general economy and real estate market in the region, bodes well for the future demand of the Airport’s hangar space. It is clear that there will be a sustained high demand for the hangars for years to come. In addition to the sustained demand for the Airport’s hangars, values of the Airport’s existing hangars will be impacted by two other significant factors. These factors are the lack of available new generation hangar space and the lack of vacant land with direct runway access needed for construction of new hangar space. Both of these factors will cause existing hangar lease rates and their values to continue to increase.