HANGAR FOR SALE

Tee hangar in Durango Hangar Owners Association

Door is 40' x 10-6, one piece Hydroswing, fast operation, smooth and safe

Well insulated and extremely dust tight, 2" sprayed polyurethane foam

Attached storeroom with exterior door, bench and shelves

Nicely wired and lighted, natural gas installed

Snowmelt boiler system for ramp

Warm Morning thermostatic heater

Water tap outside for your convenience

Low association dues

• Hangar must contain an aircraft or component
• Association snow blower on site for member use
• Association fees cover normal snow removal and fire/liability insurance
• Association members have a 10 day first right of refusal on sale

Long term renewable ground lease

• Phase 1 - consists of A1, A2, and B1 through B4 Completion date or occupancy - UK (surmise 1991)
• Phase 2 - consists of A3 and B5 through B8 Completion date or occupancy - UK
• Noncommercial Aviation Ground Lease Reception # 597485 dated July 20, 1990
• Signed on June 5, 1990 by Gold Mountain Intercharter, City and County Assumable, assignable, transferable
• Lease actually starts as of earlier of completion date or occupancy
• 20 year term, 12 cents/SF, every 5 years adjust by regional CPI
• Renewal notice in writing not less than 90 not more than 180 days before 10 year term, same conditions
• Renewal notice in writing not less than 90 not more than 180 days before
• Thereafter year to year to maximum 50 years
• New Airport Policy adopted and approved in 2004, a new 30 year term may start at 25 cents/ SF for any lease
• CC&R's Reception # 606459 dated February 8, 1991

The nicest tee hangar in the area to protect your aviation investment!

$79,000, prorate taxes and dues, closing fees split

Clear title for quick close

Chris May 970-563-9593 W 970-563-4172 H