Where
Real Estate
Takes Off
Expert advisory for organizations navigating the complex terrain of airport and spaceport real property — from NASA and US Space Force to municipal/county/independent airport authorities — for development strategies, business/lease acquisitions, and greenfield aeronautical and launch site infrastructure.
Fluent in Space, Aviation,
Finance & Government
Caxy Aerospace is a specialized real property consultancy operating at the intersection of aviation infrastructure, commercial real estate, and the emerging space economy. The practice is built on two decades of hands-on experience spanning FBO development, airport leasing, government administration, and spaceport tenant strategy.
Founder Milo Zonka has held senior roles across the full arc of airport and spaceport real estate — from managing lease portfolios and competitive procurements at multi-airport FBO networks to securing launch-site assets for commercial spaceflight. This rare fluency in public-sector regulation, private-sector deal-making, and aerospace operations defines Caxy's edge.
We work with airport and spaceport operators, tenants, developers, and aerospace companies who need a guide that has been inside the room on all sides of the negotiating table.
Core
Capabilities
Caxy Aerospace brings executive-level expertise to real property challenges that most advisors have never encountered. Our capabilities reflect experience actually doing this work — not just advising on it.
Structuring, negotiating, and managing long-term ground leases at commercial and general aviation airports. We understand aeronautical use constraints, FAA grant assurance requirements, and fair market value determinations that make airport leases unlike any other real estate transaction.
Advisory for commercial space companies and spaceport operators navigating launch site real property. From build-to-suit lease structures and anchor tenant agreements to campus acquisitions — SpaceX-level deal experience for organizations entering space real estate.
End-to-end advisory for Fixed Base Operator acquisitions, expansions, and new-build developments — site prospecting, proforma financial analysis, RFP response strategy, and landlord-tenant negotiation with airport authorities across two dozen airport locations.
Airport and spaceport leasing is inseparable from public procurement. Caxy guides tenants through RFP preparation, competitive proposal strategy, and bid evaluation processes — and advises airport authorities on structuring procurements that attract quality tenants while meeting grant assurance and transparency requirements. We've been on both sides of this process.
Investment-grade financial modeling for aviation real estate — development proformas, lease-versus-own analysis, capital improvement financing structures, and portfolio valuation. Grounded in financial expertise and years of underwriting FBO and hangar projects.
Deep-dive industry mapping of aviation, aerospace, and space economy clusters — identifying anchor tenants, development opportunities, and infrastructure gaps. Particularly strong coverage of Florida's east-central aerospace corridor, including Daytona Beach, Orlando, Cape Canaveral, Melbourne and Tampa/St Petersburg.
Navigating the relationship between private tenants and public airport authorities requires a translator who speaks both languages. Caxy facilitates productive dialogue drawing on firsthand experience in both private aviation business and county government administration.
When existing airport or spaceport leases become sources of conflict — rent disputes, use clause disagreements, improvement allowance tensions, renewal terms — Caxy provides expert advisory and negotiation support. We help tenants and landlords find durable solutions without burning down the long-term relationship.
The Rare Combination
That Matters
We've held the leases, run the RFPs, and signed the term sheets — not just advised on them. Caxy's perspective is inside-out.
Private-sector FBO executive. Government CFO. Space industry analyst. That triangulation is uniquely effective in transactions involving public authorities.
As airports evolve into spaceports and spaceports build commercial real estate ecosystems, advisors need fluency in both worlds. Caxy has it.
Deep roots in the Florida aerospace corridor — from KMLB and KDAB to KSC/Cape Canaveral — with local relationships and regulatory knowledge.
Sectors & Client Types
From towered commercial service airports to reliever and GA airports, we advise on the full range of aeronautical and non-aeronautical real property development.
- FBO operators seeking to expand or establish
- Airport authorities structuring competitive lease programs
- Hangar developers and MRO operators
- Non-aeronautical development in airport-adjacent parcels
The commercial space economy creates entirely new categories of real property need. We bring launch-site experience and spaceport market intelligence to help clients navigate this frontier.
- Launch vehicle operators securing site agreements
- Spaceport operators attracting and structuring tenant leases
- Aerospace manufacturers seeking on-site campus facilities
- Investors evaluating spaceport infrastructure opportunities
Airport and spaceport authorities face unique challenges balancing public trust, FAA grant assurances, economic development mandates, and tenant relations.
- County and municipal airport management
- State aviation and space authorities
- Economic development organizations
- Port authorities and multimodal infrastructure entities
Aviation real estate has attracted significant institutional capital interest. We provide market intelligence, due diligence support, and deal structure advisory.
- Private equity evaluating FBO portfolio acquisitions
- Real estate developers assessing aviation-adjacent parcels
- Lenders underwriting aeronautical real estate collateral
- Family offices seeking alternative aerospace real assets
Ready to Navigate
Your Real Property Challenge?
Whether you're structuring a new ground lease, evaluating a development opportunity, or navigating a complex public procurement — Caxy Aerospace brings the rare expertise this terrain demands.
milo@caxyaerospace.com