20240710-005 Cargo Lease Agreements Update — original pdf

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Cargo Facility Lease Briefing Airport Advisory Commission July 10, 2024 John A. Gallo, C.M., ACE Commercial Management – Division Manager Air General – Cargo East Facility 9402 Freight Lane • Air General Lease • 17,698 sq. ft. of building to support their current and future needs • 12,768 sq. ft. of cargo handling area and 20% of the available employee parking area • International Belly Freight – British Airways, KLM, etc… • 10 Year Term - $4.51 million in rental revenue to be collected over the ten year term 2 Air General – Cargo East Facility 9402 Freight Lane 3 DHL Express – CargoPort Building 9401 Cargo Avenue • DHL Express Lease • 44,549 sq. ft. of cargo building space to support their operation • 58,604 sq. ft. of aircraft apron space to support aircraft operations • International and Domestic Cargo • 5 year term with a 5 year option for a total of 10 years • $4.4 million dollars in rental revenue for the first 5 years • $8.8 million dollars in rental revenue for the full 10 years 4 DHL Express – CargoPort Building 5 Thank You! Visit FlyAustin.com for the latest AUS news & info 6