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200 Horizon Drive

Micro-Air Leases 19,008 SF Office Space At 200 Horizon Dr In Hamilton With Fennelly Associates As The Broker
LEASEDOffice

Micro-Air Leases 19,008 SF Office Space At 200 Horizon Dr In Hamilton With Fennelly Associates As The Broker

200 Horizon Drive

Building Size

19,008 SF

Asset Type

Office

Closing

Jan 18, 2024

AI

Andy Spaziani of Micro-Air has leased a 19,008-square-foot office space at 200 Horizon Drive in Hamilton. The lease was brokered by Jerry Fennelly of Fennelly Associates. The office space will accommodate the growth of Micro-Air's operations and assembly teams, demonstrating the ongoing demand for well-located and flexible spaces in the regional office market.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not available
  • Square Footage: 19,008
  • Address: 200 Horizon Drive
  • Market: Hamilton

Fennelly Associates played a crucial role as the broker in this lease transaction, representing Andy Spaziani of Micro-Air. The lease of the office space at 200 Horizon Drive reflects the need for suitable spaces in the regional office market and facilitates the company's expansion plans.

Players

Jerry Fennelly

Fennelly Associates

Broker

$91.6M

vol

22 deals

Broker
Cammeby’s International Group
Cammeby’s International GroupLandlord

Trenton Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93