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  5. ›Development of Lunken Airport Lease Area 58 Airport Rd

City of Cincinnati·Ohio

Development of Lunken Airport Lease Area 58 Airport Rd

Closes 11/12/2025$500k – $1.5MRequest for Proposal
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Description

The City of Cincinnati is leasing a 6.229‑acre parcel at Lunken Airport (Lease Area 58) for private development of Fixed‑Base Operator (FBO) facilities, hangars, or related aviation uses. The lease is a 6‑year base term with up to eight three‑year renewal options, triple‑net, and a minimum base rent of $0.35 per square foot per year. Offerors must submit a detailed development vision, demonstrate aviation‑related experience, and prove financial capacity to fund construction, as the City provides no subsidies. The selection will be scored on alignment with the airport’s mission, site utilization, experience, and financial strength. • Lease of 271,337 sf (≈ 6.2 acres) for private aviation development – no city funding for improvements. • Base rent ≥ $0.35 / sf / yr plus CPI adjustments; 1 % operating fee on gross revenue. • Triple‑net lease: lessee assumes all utilities, taxes, maintenance, and insurance. • Evaluation criteria (100‑point scale) focus on mission alignment, site plan, experience, and financial capacity. • Submission via Bonfire portal by 12 Nov 2025; pre‑submission Teams meeting on 24 Sep 2025.

Attached files

Contact

Shannon Brower(Buyer of Record)

(513) 666-2177

Key dates

Opened
9/10/2025
Questions due
10/1/2025
Pre-bid meeting
9/24/2025
Closes
11/12/2025
Duration
6 years

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531120
Solicitation №
265X901103

Budget estimate

$500,000 – $1,500,000

The minimum base rent of $0.35 per square foot on 271,337 sf yields roughly $95,000 annually, or about $570,000 over the six‑year base term. Adding the 1 % operating‑fee on gross revenue and potential higher rent proposals, a realistic revenue range for the lessee (the client) could be between $0.5 million and $1.5 million over the initial lease period, assuming successful development and operation of FBO services. Construction costs are borne by the lessee and are not reflected in city payments.

AI estimate from the solicitation

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