Market Rent Analysis: A Market Rent Analysis has recently been completed for Airport future development properties. This analysis will assist Properties in determining market rates of the numerous projects currently underway and as well as in the future.
General: Insurance notices, tenant inquiries, showing of properties, construction permits, meetings with surveyors, appraisers, contractors and engineering consultants, collections and past due notices, notices of insurance renewals and compliance, loss prevention committee, meetings with insurance claimants, planning and staff meetings.
Compliments: 3
➤ Complaints: 0
Maintenance Requests: 1
▶ Total number of tenants: 165
Total rentable spaces: 167
107 tenants using auto credit card method of payment.
J1-102 vacated in August. New lease with former co-tenant in D2-103 effective September.
D1-106, J4-102 leased in August.
J8-106 lease terminated 8/31/21; new lease effective 9/1/21.
D2-103, J2-112, J5-105 co-tenancies effective August & September.
Upcoming September co-tenancies: J3-110, J5-106.
J3-110 co-tenancy includes EAA Chapter 180; no discount given on rate.
J4-113 co-tenancy terminates 9/30/21.
5% rental rate increases for Large, Standard, and Standard Plus proposed for 10/1/21 pending Board approval.
T-HANGAR MONTHLY STATUS REPORT
For the Month of August 2021
| Item | Qty. | No. Leased | Wait List | Leased % | Monthly Rate | Monthly Rent | Annual Rent |
|---|
| T-Hangars | | | | | | | |
|---|
| 51'5 W Oversize | 4 | 4 | 28 | 100% | $1,700.00 | $6,800.00 | $81,600.00 |
|---|
| 48' W Large | 27 | 27 | 47 | 100% | $574.00 | $15,498.00 | $185,976.00 |
|---|
| 42' W Standard Plus w/additional 176 sq. ft. storage | 4 | 4 | 1 | 100% | $519.00 | $2,076.00 | $24,912.00 |
|---|
| 42' W Standard | 121 | 121 | 80 | 100% | $419.00 | $50,699.00 | $608,388.00 |
|---|
| 42' Standard Discounted rate for CAP & EAA | 2 | 2 | | 100% | $250.00 | $500.00 | $6,000.00 |
|---|
| Storage Rooms | 7 | 3 | | 43% | $100.00 | $300.00 | $3,600.00 |
|---|
| Storage Rooms Discounted rate for CAP & EAA | 2 | 2 | | 100% | $10.00 | $20.00 | $240.00 |
|---|
| TOTALS | 167 | 163 | 156 | | $75,893.00 | $910,716.00 |
|---|
3