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104 Airway Drive - The Airway Drive 104 Airway Dr 3,750 SF Office Building Marion, IL 62959 $535,000 ($142.67/SF) 9.25% Cap Rate
Investment Highlights
- Priced at $535,000, this fully occupied single-tenant asset offers compelling upside given ~ 3 years of stable income.
- Residential Healthcare Group (Graham Health Group) provides home health, hospice, palliative, and support care services.
- Growing demand for in-home care driven by the aging population and increasing preference for home-based services.
- Delivers critical healthcare services with consistent demand for home health care regardless of market conditions.
- The Residential Healthcare Group operates in 7 states with an established growth model and regional presence in the Midwest.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 3,750 SF 104 Suite Airway Drive Portfolio in Marion, IL. Delivers critical healthcare services with consistent demand for home health care regardless of market conditions.
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
3,750 SF
Building Class
B
Year Built
2000
Price
$535,000
Price Per SF
$142.67
Cap Rate
9.25%
NOI
$49,474
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,750 SF
Building FAR
0.20
Lot Size
0.44 AC
Parking
30 Spaces (8 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- 104 Airway Drive
- Professional, Scientific, and Technical Services
- 3,750 SF
- $14.85
- Apr 2029
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| 104 Airway Drive | Professional, Scientific, and Technical Services | 3,750 SF | $14.85 | Apr 2029 |
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Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 06-17-102-001 | Improvements Assessment | $94,030 |
| Land Assessment | $10,780 | Total Assessment | $104,810 |
Property Taxes
Parcel Number
06-17-102-001
Land Assessment
$10,780
Improvements Assessment
$94,030
Total Assessment
$104,810
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104 Airway Drive - The Airway Drive | 104 Airway Dr
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