Montecito at Ramona Air Center LLC projects a 2.5X deal with IRR above 30% depending on debt vs equity ratio of investment. Highly experienced developers creating the only master-planned fee simple custom hangar project in Southern California at a public use airport. Our key value proposition is the…
Montecito at Ramona Air Center LLC projects a 2.5X deal with IRR above 30% depending on debt vs equity ratio of investment. Highly experienced developers creating the only master-planned fee simple custom hangar project in Southern California at a public use airport. Our key value proposition is the unique offering of fee simple hangar ownership on individually deeded parcels. This is not an airpark, but a commercial air center with custom hangar offices. The Montecito project is part of a 50-acre public/private aviation development being master planned by Ramona Air Center, LLC. Montecito will consist of 56 two-story aircraft hangars ranging in size from approximately 3,600 sq. ft. to over 22,000 sq. ft. This is a scalable model with future sites identified subject to capital. Montecito will have 100% market share during sales and build out with extremely high barrier to entry. Market comps support pricing. Interest list forming now. The last similar project in 1999 sold 90% of its inventory on Day 1. Located in San Diego, Montecito is minutes to So Cal beaches and abundant amenities.
Team (2)
Sectors Montecito at Ramona Air Center serves:
Real Estate
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