Aircraft hangar space is in demand all along the East Coast and especially in the New Jersey Tri-State area. Private airports, such as Monmouth Executive Airport, have recently expanded their development, offering you the chance to rent, buy or custom-build your own aircraft hangar. So what’s the best choice for you?
- Renting aircraft hangar space: The main benefit of this option is that it is available immediately and you can move your airplanes in as soon as possible. Renting also gives you flexibility in case you decide to change the size or location of your hangar in the future.
- Buying a hangar: Purchasing your own hangar might be a larger once-off investment, but it does come with a few silver linings. Firstly, they appreciate in value due to the high demand and limited supply of hangar space. You can also use your hangar to provide additional rental income if you have space you aren’t using. Your hangar may also qualify as a 1031 tax-deferred exchange property and can be depreciated for tax purposes if you rent it out.
- Custom-building your own hangar: In addition to the abovementioned benefits, you can also choose to have your hangar custom-built. This does mean you would have to wait and rent hangar space while construction is under way, but the result would be a hangar designed exactly according to your particular needs.
Hangar space at Monmouth Executive Airport – Available now
Whatever solution you decide works best for you, Monmouth Jet Center can assist you. With hangar space available immediately, as well as competitively priced leasing and construction deals, your airplane or private jet will soon be housed safely and protected from the elements.
In addition to our aircraft storage solutions, we offer you access to affordably priced aviation fuel (including AVGas and Jet-A), high-end amenities, 24-hour operations, servicing and maintenance crews and the longest private runway in the country, at 7300 feet. Just over an hour’s drive from Manhattan and located outside of high-traffic Class B airspace, we offer you a world-class airport and flying experience.
For more information about Monmouth Jet Center in New Jersey, please contact us or visit our website at http://monmouthjetcenter.com/ today.
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