North Tampa Aero Park is on the market.
The sales price for the licensed public airport is $4 million, according to brokers with CBRE.
The company’s airport specialist group is in charge of marketing and selling the airport, located at 4241 Birdsong Blvd.
“We’ve had quite a bit of interest,” said Gary Bauler, broker and first vice president for industrial properties at CBRE in Tampa.
The airport, which dates to the mid-1970s, covers 21 acres sandwiched between Wesley Chapel Boulevard and Interstate 75.
Compark 75, a business park with premier office, warehouse and manufacturing tenants, is adjacent to the airport.
The airport offers about 10,000 square feet of maintenance hangar space; 3,500 square feet of offices; three platted residential lots; office and hangar buildings; a fuel farm, 16 T-hangars; annual runway easement income fees; a licensed Lasergrade and PSI testing facility; and a licensed Federal Aviation Administration repair station.
While most local airports are regulated by municipalities or aviation authorities, Bauler said North Tampa Aero Park is unique in being privately owned.
The Brammer family has owned and operated North Tampa Aero Park for years. But, Bauler said, “They think it’s time to get out of the business, and do something else.”
The area has seen a lot of changes since the airport opened in 1975, Bauler said.
“When it was originally built, Pasco was a lot more undeveloped,” he said. “Now, you’ve got a lot of residential and more businesses, like Compark 75. We’re encouraged that this is the right time to sell. There are a lot more affluent owners in the area now.”
Tenants at the airport include Happy Hangar Café, American Balloons, and Tampa North Flight Center, which is the airport’s fixed-base operator (FBO).
The flight center offers a range of services, including flight instruction, aircraft sales, instrument proficiency checks, parts sales and biennial flight reviews.
It has been a training and teaching resource for the Wesley Chapel Civil Air Patrol.
Some hangars are leased, but others are condominium hangars, whose owners are represented by a condominium association.
For information, visit CBRE.com.
Published June 20, 2018
