Instead of renting, you own your hangar. All appreciation in the hangar value over time will benefit you directly if you choose to resell or lease your hangar in the future. Because you own your hangar, you may configure the interior however you see fit. Add an office, restroom, mezzanine, custom floors, sheetrock and paint ... the possibilities are endless! You could even add an Aero Lift to store more aircraft vertically!

The most flexible and usable option would be to invest in the 70' x 60' Box Hangars in Building A. These hangars have the space to house aircraft such as the King Air, Lear Jet, Citation Jet, MU2, or multiple piston singles and multis. They have the space to be upgraded to contain large crew quarters, office space, restroom and shower facilities, and more. Two units have attached 20'x 50' offices that can be purchased at a discounted rate. Not just for corporate users or businesses, one individual could own a hangar of this caliber, or several users could partner to purchase the unit. Park you own plane, and charge others 'common hangar' rates to store their planes! The potential is only limited by your imagination. Looking for MORE space? Another idea is to purchase two or more adjacent units and remove the walls seperating them. Ask about discounts for purchasing multiple units!

Each hangar is individually metered for electricity. Hangars in Building A have 150 amp electrical services, while Buildings B has 100 amp panels. These services should be more than sufficient for any user, but they could be upgraded in the future by a licensed electrician (if proper permits are aquired). Water and sewer service will be prorated among the Units based on square footage.

Yes. Owners are permitted to do any maintenance that is allowed under FAR Part 43. A&P mechanics may also work on aircraft in the Hangars, so long as limitations are understood regarding hazardous maintenance & materials storage. Painting may NOT be performed in the facility.

Wet washing is not permitted inside the hangars, as there are no floor drains. You may use the airport wash rack for wet washing. You may use any "dry" cleaning process in your hangar.

Houston-Southwest Airport has fuel trucks that provide service to aircraft on the field. Additionally, the airport plans to build a self-service facility in the near future.

The base price of your hangar provides you with exclusive use of the facility for the term of the Ground Lease, 60 years. In addition, there will be pro rata expenses (based on your square footage as a percentage of the total community) for at least the following items:

• Ground Lease
• Common Area Maintenance (sweeping, striping, crack sealing, etc)
• Electricity for Common Areas (clubhouse, exterior lighting)
• Fire Extinguisher Maintenance
• Dumpster Service
• Water & Sewer Service
• Building & Liability Insurance
• Maintenance Reserve (a fund for future major improvement projects)
• Legal
• Burglar Alarm, Fire Alarm, & Camera Monitoring
• Janitorial Services & Supplies
• Management & Bookkeeping Fees
• Operating Reserves
• Landscape Maintenance

These items will be estimated in the first year and adjusted prior to year 2 and each year thereafter. We currently estimate the dues to be $0.08/per square foot per month. All accounting documentation will be passed on to owners for review. You will have the option to make payments on a monthly, quarterly, or annual basis.

The Southwest Executive Hangars will be managed and governed by the Property Owners Association who will elect officers to manage the affairs of the community.

The overall building and general liability policy premiums will be included in the HOA Dues. Each tenant will be responsible for adequately insuring their aircraft, personal items, and any improvements that have been made to their Unit.

You are purchasing a "Condominium Leasehold Interest" in the property. This gives you title to your hangar, a percentage ownership in the common areas, and a leasehold ownership of your part of the underlying land for the duration of the Ground Lease.

The land is held through a 60-year master ground lease from Houston-Southwest Airport. The owners may negotiate a new lease with the Airport at the end of the lease term. However, there are no guarantees of lease renewal after the lease term expires. If the lease is not renewed the buildings will be taken over by the Airport and the hangar owners may or may not be given an option to remain in their spaces as tenants. If the option to become tenants is not given, then all occupants will be required to vacate the facility.

This is the most common scenario in hangar ownership across the nation, and the 60 year term is much longer than most airports offer (the average is 30 years). The length of this term exceeds the length of time that most of us will be flying, and likely gives the Owners the option to sell their hangars to two more generations of aviators.

Ultimately you need to discuss this with your accountant or tax attorney. Generally speaking, if you expense your aircraft you can expense your hangar. Some people buy several hangars to lease out, thereby putting themselves into the "hangar business". This could allow you to capture depreciation on the hangars, expense your aircraft, and write off associated items. We are not accountants, so the bottom line is: consult a tax professional!

Other tax advantages include the ability to write off mortgage interest, property taxes, and the ability to use the property in 1031 Exchanges.

Initially, a $1000 deposit will be required to hold your reservation. After two-thirds of the hangars are reserved, a Sales Contract will be executed and a ten percent (10%) Earnest Money deposit will be required. If the hangars are still under construction, the sale will close within 30 days of completion. If the hangars are already complete when the contract is received, the closing will occur within 30 days of receipt of the Sales Contract. Any upgrades that you choose to add to your hangar must be paid for up front, but those payments may appear as a credit on the Closing Statement if you wish to roll them into your Sales Contract.

While many purchasers opt to pay cash for their hangar, we understand that some owners would rather finance their purchase. We have arranged financing for qualified individuals through several local banks. Contact us for lenders who have approved financing for our project.

Certainly! This is a very common ownership structure for hangars, and a good strategy may be to form an LLC or a Limited Partnership. Even for the smallest units, this may be feasible if you incorporate an Aero Lift into your hangar. This would allow you to store two or more planes simultaneously in the hangar, giving you all the utility of hangar ownership at half the cost. To learn more, visit Aero Lift at www.armaerospace.com.

We estimate the Southwest Executive Hangars to be complete late Summer of 2009. This is great timing, because the runway overlay will already be complete, giving KAXH a totally new look and feel!