541 Skyway Drive SUBJECT PROPERTY CONSISTS OF A ~7, 300 SF DEMISED AIRHANGAR STRUCTURE LOCATED WITHIN THE MASSEY RANCH ''INDUSTRIAL'' AIRPARK IN EDGEWATER, FLORIDA. BUILDING IS COMPRISED OF 3 SEPARATE UNITS ENTAILING 960 SF (HVAC'D SPACE), 2, 500 SF (HVAC'D SPACE WITH A ~900 SF MEZZANINE OFFICE) & 3, 840 SF (NON-CLIMATIZED) AIRCRAFT HANGAR SPACE. ALL OF THE EXISTING UNITS ARE PRESENTLY OCCUPIED UNDER LEASE, OR BY THE OWNER OF THE PROPERTY. THE BUILDING MAINTAINS DIRECT ACCESS TO THE TAXIWAY WITH FOUR AVAILABLE SPACES FOR AIRPLANE TIE DOWNS AT THE FRONT OF THE BUILDING'S SOUTHERN ELEVATION, WHICH MAINTAINS AN UNOBSTRUCTED VIEW OF THE SOUTHERN PORTION OF THE AIRSTRIP. PROPERTY IS ZONED I-1 (LIGHT INDUSTRIAL), WHICH ALLOWS FOR A MULTITUDE OF USES BY THE CITY OF EDGEWATER'S PLANNING & ZONING DEPARTMENT. PARCEL IS A STAND ALONE PARCEL AND NOT PART OF A CONDOMINIUM BUT IS SUBJECT TO A RECORDED AIRPORT LICENSING AGREEMENT THAT GOVERNS THE MASSEY RANCH AIRPARK, WHICH ASSESSES $260.00/MTH FOR THAT ASSOCIATION FEE.