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  5. ›Request for Proposals of Airport Hangar at 6575 Crystal Lane (Airport)

Awarded contract·City of Prescott·Arizona

Request for Proposals of Airport Hangar at 6575 Crystal Lane (Airport)

Won by Eagle Air Repair, LLC$200kAwarded 9/9/2025Single Award
Contract source

Awarded vendors

  • Eagle Air Repair, LLC

Description

This contract is a municipal lease for a 4,580 sq ft airport hangar located at 6575 Crystal Lane, Prescott Regional Airport. The lease is intended for aviation‑related activities such as aircraft maintenance, repair, flight training, and other specialized services; simple storage is not preferred. The City of Prescott set a minimum monthly rent of $3,435 plus apron and parking fees, with annual CPI‑based adjustments (3‑9 %). The lease term is four years, with the possibility of up to four one‑year extensions. The award was made to Eagle Air Repair, LLC after a competitive bid process that closed on August 14 2025. Evaluation criteria emphasized experience, proposed use, airfield impact, financial offer, and tenant improvements.

Attached files

Key dates

Bids closed
8/14/2025
Intent to award
9/9/2025
Awarded
9/9/2025
Duration
4 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Aerospace and Defense
NAICS
488190

Contract value

$200,000

The opening record lists a monthly lease payment of $4,580, which equals $54,960 annually. Assuming the lease runs for the full four‑year term, the base rent would be $219,840. The RFP’s minimum rent (including apron and parking) is $3,778.50 per month, which would total $181,368 over four years. Adding reasonable CPI adjustments (average 5 % per year) and potential additional fees for improvements or services, the total contract value likely falls between $200,000 and $250,000. A conservative midpoint estimate is roughly $225,000 for the entire lease period.

AI estimate from the award documents

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