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118 Airway Dr - The Airway Drive Portfolio 118 Airway Dr 3,700 SF Office Building Marion, IL 62959 $399,000 ($107.84/SF) 8.04% Cap Rate
Investment Highlights
- Rare opportunity to acquire a corporately guaranteed national tenant at just $399,000.
- NovaCare Prosthetics & Orthotics specializes in healthcare providers delivering custom prosthetic and orthotic solutions to patients.
- Growing healthcare needs, an aging population, and advancements in rehabilitation medicine continue to support demand for prosthetic & orthotic care.
- Base term expiration in August 2028, 3, 3-year renewal options.
- Opportunity to restructure the gross lease to increase NOI at options.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 3,700 SF 118 Airway Drive in Marion, IL. Rare opportunity to acquire a corporately guaranteed national tenant at just $399,000.
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
3,700 SF
Building Class
B
Year Built
2000
Price
$399,000
Price Per SF
$107.84
Cap Rate
8.04%
NOI
$32,077
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,700 SF
Building FAR
0.15
Lot Size
0.55 AC
Parking
20 Spaces (5.41 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- 118 Airway Dr - The Airway Drive
- Professional, Scientific, and Technical Services
- 3,700 SF
- $12.36
- Modified Gross
- Aug 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| 118 Airway Dr - The Airway Drive | Professional, Scientific, and Technical Services | 3,700 SF | $12.36 | Modified Gross | Aug 2028 |
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Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 06-17-102-006 | Improvements Assessment | $224,840 |
| Land Assessment | $15,620 | Total Assessment | $240,460 |
Property Taxes
Parcel Number
06-17-102-006
Land Assessment
$15,620
Improvements Assessment
$224,840
Total Assessment
$240,460
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118 Airway Dr - The Airway Drive Portfolio | 118 Airway Dr
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