Rare Investment Property For Sale

High Demand, Low Supply Asset

Offered with pre-stabilization discount at $2,200,000

This rare offering consists of two newly constructed, on-airport T-hangar buildings totaling 18 units and approximately 21,000 square feet at Columbia Gorge Regional Airport (KDLS). Eleven standard hangar bays measure 42’ W x 25’ D, and seven corner units include approximately 300 additional square feet. The hangars feature sliding doors and offer direct apron and taxiway access.

The asset benefits from a low-cost maintenance and operating structure, with some tenants responsible for utilities, insurance, CAM, leasehold taxes, and administrative costs— resulting in low ownership overhead. Demand is both local and structural. Nationally, industry surveys indicate 71% of general aviation airports report shortages of individual hangars, while 55% report having land but lacking the resources to deliver new supply—creating a persistent imbalance between demand and inventory. This supply constraint is reinforced by public-airport governance and FAA policy frameworks that prioritize aeronautical infrastructure improvements over hangar construction.

Locally, KDLS and surrounding airports maintain formal waiting list processes, and aviation publications report approximately 50 pilots waiting for hangar space alongside significant interest in the 18-unit development—supporting rapid stabilization. T-hangars on publicly owned airports rarely come to market due to limited new construction, and increasing rental rates combined with long-term, low-cost ground leases position the asset for steady revenue growth over time.

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