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105-107 Airway Dr - The Airway Drive 105 Airway Dr 9,700 SF Office Building Marion, IL 62959 $1,091,000 ($112.47/SF) 9.24% Cap Rate
Investment Highlights
- Illinois Department of Children & Family Services is a State of Illinois agency providing child welfare, foster care, adoption and more
- Occupying the space since 2002, IL DCFS has shown its commitment to its southern Illinois location.
- Offered at just over $112 PSF, providing investors with an attractive opportunity relative to many healthcare and government-occupied office assets.
- Rare opportunity to acquire a 9.24% CAP Rate asset with government credit.
- The property serves as an important Southern Illinois hub for DCFS operations and community outreach.
- As an essential public service provider, DCFS supports stable occupancy regardless of economic conditions.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 9,700 SF 105 - 107 Airway Drive in Marion, IL. The property serves as an important Southern Illinois hub for DCFS operations and community outreach.
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
Medical
Building Size
9,700 SF
Building Class
C
Year Built
2000
Price
$1,091,000
Price Per SF
$112.47
Cap Rate
9.24%
NOI
$100,774
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,700 SF
Building FAR
0.14
Lot Size
1.57 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- 105-107 Airway Dr - The Airway Drive Portfolio
- Professional, Scientific, and Technical Services
- 9,700 SF
- $13.96
- Modified Gross
- Jun 2030
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| 105-107 Airway Dr - The Airway Drive Portfolio | Professional, Scientific, and Technical Services | 9,700 SF | $13.96 | Modified Gross | Jun 2030 |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
20/100
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