The sale includes 8,800 square feet total of building floor space including:

• A steel frame 7,000 square foot (70’ wide X 100’ long X 14’ tall) heated hangar with concrete floor, 44’ 10” wide X 9’ 8” high bi-fold door, and 9’ wide X 10’ high overhead garage door along with other associated building additions and an adjacent outbuilding.
• 2 restrooms – one in the main hangar building and a second in the adjacent office/outbuilding
• Electric/natural gas heating system
• The buildings and improvements are being sold “as is” with no inspection or other contingencies, and no improvements to be made by the Airport Authority. The successful bidder/lessee will be solely responsible for 100% of any costs to repair, improve, expand, or bring the buildings and improvements up to code.

REQUIREMENTS / USE

• Use of the hangar and outbuildings must be for aviation uses only, no non-aeronautical uses allowed per Airport/Federal Aviation Administration Hangar Use Policy and Federal Grant Assurances.
• Commercial aviation business/activity may be approved by the Helena Regional Airport Authority if owner/lessee submits an application to demonstrate how they can perform commercial aviation business/activities and meets all applicable requirements including Airport Minimum Standards, local, State, and Federal rules, building and codes and ordinances.
• No residential use.
• No non-aeronautical use.
• Additional requirements and restrictions are contained in the airport hangar ground lease.

• AIRPORT LAND LEASE REQUIREMENT

  The successful bidder will be required, as a condition of the sale closing and transfer of the Hangar, to enter into an airport hangar ground lease in substantially the form shown in the sample lease template included in this Packet as Exhibit C. The ground lease will require that the owner pays for all land used for this facility, including land under buildings and adjacent aircraft parking aprons, vehicle parking, septic fields, wells, etc.

  Terms - Airport hangar ground leases are for 20-year initial terms with 5-year renewals.

  Land Lease Rates - As of fiscal year 2025 (July 1, 2024 – June 30, 2025), aviation land lease rates are $0.1676/sq. ft. under buildings and structures, and $0.0838/sq. ft. for any land not under buildings such as aprons, parking areas, septic fields, etc. Leases include annual escalation of lease rates effective July 1 of each year based on 50% of the CPI-U Index.