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23215 Airport Rd

13,103 SF Speciality Building Offered at £3,524,850 in Aurora, OR 97002

Investment Highlights

  • 2 Parcels (Available together or separately)
  • 2 Commercial Buildings of 20,000± Square Feet

Executive Summary

Tri-Prop, LLCowns and operates 16.67 acres of land and buildings at the Aurora State Airport (UAO).
The property is privately owned (fee simple title) and accesses a federally funded airport. The airport is located
just south of the Portland Oregon suburbs, off Interstate 5 and is 25 miles north of Salem, the State Capitol. This
airport is part of the National Plan of Integrated Airport Systems (NPIAS) which includes nearly 3,300 public-use
airports in the national airport system.
Population centers within 30 miles include Portland (650,000), Salem (176,000), Beaverton (99,000), Gresham
(110,000), Vancouver (192,000), and Hillsboro (106,000). As of 2020, the Portland MSA has a population of 2,512,969
people.
The Aurora State Airport is experiencing significant corporate and executive aircraft growth. Corporate jet
production is expected to increase from 693 aircraft in 2024 to 863 per year by 2029. According to Fortune global
business jet market will experience a 5.19% compounded annual growth between 2023 and 2030. The Aurora
airport master plan calls for further runway extension and expansion as both Portland International Airport and
Hillsboro airport face growth constraints.
Since 1999, Willamette Aviation, a flight school owned and operated by Tri-Prop LLC’s owners has become the
predominant FBO (Fixed Base Operator) serving entry level aviation customers with maintenance, fuel and flight
instruction services www.willametteair.com. Willamette Aviation’s business and assets are available for sale
separately from the Tri-Prop LLC property.

Property Facts Under Contract

Price £3,524,850
Price Per SF £269
Sale Type Investment or Owner User
Sale Conditions Development Sale
Property Type Speciality
Property Subtype Airplane Hangar
Building Class C
Lot Size 6.41 AC
Building Size 13,103 SF
Number of Floors 1
Year Built 1993

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
510230
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£320,550

zoning

Zoning Code P (Public)
P (Public)
  • Listing ID: 34072412

  • Date on Market: 03/12/2024

  • Last Updated:

  • Address: 23215 Airport Rd, Aurora, OR 97002

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