AEI / HM Dunn AeroSystems | Recent Lease Exte 1802-1814 W 2nd St N 212,345 SF Industrial Building Wichita, KS 67203 $13,339,287 CAD ($62.82 CAD/SF) 8% Cap Rate

Marcus & Millichap is pleased to present a 212,345-square-foot, single-tenant industrial property leased to Apex Engineering International, L.L.C. (“AEI”), a division of HM Dunn AeroSystems, a long-standing Wichita aerospace manufacturer. AEI builds high-precision aircraft parts and assemblies that go directly into well-known commercial and military aircraft made by companies such as Boeing, Airbus, Spirit AeroSystems, Lockheed Martin, and Gulfstream. Their work supports major aircraft like the 737 MAX, 787 Dreamliner, Airbus A220, and military programs including the F-35, F-16, KC-46, C-130, and F-15/F-18—all multi-decade aircraft platforms with ongoing production ramps and backlog. CEO Greg King's prior roles at Spirit AeroSystems strengthen ties to this key client. 2020 NALCAM expansion consolidated Texas operations here, creating a low-cost U.S. network—high sunk costs in layout reinforce tenant stickiness.
Located in Wichita's 'Air Capital' with 30,000+ aerospace workers, top engineering talent (third-largest U.S. hub), and manufacturing at 16% of nonfarm payrolls, AEI has been operating here for more than 50 years, with equipment, production flow, and quality approvals highly customized to this building. The 2014 merger with Apex enhanced vertical integration as a "Super Tier 2" supplier and led to headquarters consolidation at this site. This makes the location difficult and expensive to replicate elsewhere, increasing long-term tenancy likelihood. The property sits on 10.34 acres, offering a functional industrial layout with manufacturing improvements needed for aerospace production. AEI benefits from being located in Wichita’s nationally recognized aviation hub, and the property provides investors with a stable, long-term tenant deeply involved in both commercial and defense aircraft programs.