Project Information
Owner/Developer
ICON Aircraft, Inc.
Size
2141 Beechcraft: 139,000 sf Building
GST Site: 9.83 acres of vacant land
County Property: 14 acres of vacant land
Project Manager
Terra Realty Advisors, Inc.
Year
2012 to 2014
VALUE/COST:
2141 Beechcraft building valued at $9 million
2141 Beechcraft TI Value at $10 million
GST Land Acquired at $1.9 million
County of Solano Option Land at $2.1 million
Financing
Cash and Capital Lease
Project Notes
Terra Realty Advisors, Inc. was engaged by ICON in 2012 to assist them in lease negotiations and project management to convert an existing 139,000 sf industrial/warehouse building adjacent to the Nut Tree Airport into a state of the art manufacturing facility for the production of ICON’s new A-5 sport plane. In addition, we negotiated with the landlord: Buzz Oates Company, to acquire expansion land for a Global Sales and Training (GST) along with property for a water landing turn out area, and a future corporate and training facility of approximately 75,000 sf. We negotiated an option for ICON to acquire the fee interest in 2141 Beechcraft, as well as an option to expand to the adjacent (north) 139,000 sf “clone” building as operational needs dictate. Terra Realty Advisors, Inc. also negotiated the purchase of an additional 14 acres of land from the County of Solano, adjacent and north of the 2131 Beechcraft option building, next to the Nut Tree Airport.
