BEND, OR – Robert Raimondi, broker and Gardner Williams, SIOR, principal broker, with Compass Commercial Real Estate Services represented the seller, ER 1, LLC, a Delaware limited liability company, and the buyer, AIRCRAFT MANUFACTURER’S RE, LLC, an Oregon limited liability company, (dba Epic Aircraft) in the sale and purchase of the manufacturing facility occupied by Epic Aircraft. The 90,000 square foot property located in the Bend Airport Enterprise zone was listed for sale at $3.8 million and was sold for an undisclosed purchase price.
“This is a very high profile sale that has important economic development implications,” said Raimondi. “The sale of this property to AIRCRAFT MANUFACTURER’S RE, LLC could serve as a catalyst to jumpstart the aircraft composites industry in Central Oregon.”
Epic Aircraft is a privately owned aviation company that specializes in the production of kit aircraft. In March of this year, the company announced it was acquired by Engineering LLC, a Russian owned maintenance, repair and overhaul provider. The acquisition gives Epic Aircraft the ability to attain certification and expand to a global market.
“Epic Aircraft is committed to the Bend community and we are dedicated to expanding the aircraft manufacturing industry within the region,” said Doug King, CEO of Epic Aircraft. “Our recent acquisition allows us to obtain certification and expand our aviation business in other countries. We plan to increase our workforce to meet a global demand and have already hired X workers.”
The facility is located on the tarmac of the Bend Municipal Airport and has a long term ground lease with the City of Bend.