Exceptional Investment Property For Sale
18 Individual T-hangars in two buildings
Columbia Gorge Regional Airport (KDLS)
Dallesport, WA
High Demand, Low Supply NNN Asset
Pro Forma NOI Year 1-5: $125,000 at 6.5% CAP
Offered with pre-stabilization discount at $2,200,000
LEASE
2 buildings, comprising 21,000 sqft
18 individual T-hangar units between 1,000 to 1,300 sqft
2026 Construction, steel building on brand-new apron
Year 1-5 average pro forma NOI: $125,000
6.5% CAP rate
Built-in 3% annual rent increases
Total Projected NOI over 40 years: $9.7 million
Tenants pay all CAMs (taxes, insurance, ground lease, utilities) -> no operating cost
LOCATION
Columbia Gorge Regional Airport
Fast-growing airport (tower FAA-authorized) with active community
Co-owned by County of Klickitat, WA, and City of The Dalles, OR
40-year ground lease on public land at extremely low rates (20/20)
300+ VFR flying days in backcountry paradise
Medical flight base (Medflight)
Aerial firefighting staging base
Business park development on airport land
Popular tourist and leisure destination area (Hood River, Mt Hood)
1-hr from Portland by car
