Valuation Services for a Jet Engine Testing Facility
David W. Boyd, MAI, Senior Managing Director, Valbridge Property Advisors | Palm Beach | Treasure Coast
The specialized fixture with this project that separates it from standard industrial space appraisals is the pilon/tower that holds the engine in place as it is run through the testing cycles.
Jet engines on most of the commercial airlines last up to 30 years; they are serviced regularly and are rebuilt 5 to 7 times over their lifetime. A new jet engine can cost $10MM+/- depending on size.