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
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