8223 Express Dr - Office FOR SALE


Marion, IL 62959
$1,025,000 USD
972-759-7814
8223 Express Dr, Marion, IL for Sale
$1,025,000 USD
Office - FOR SALE
1/1
null | 8.65% Cap Rate

8223 Express Dr
Marion, IL 62959


HIGHLIGHTS

  • Backed by the full faith of the U.S. Government (AA+, S&P Credit Rating)
  • First Generation Lease – 5-Years Renewal Option Exercised by the GSA
  • Build-to-Suit in 2013
  • Mission Critical Facility Located on the Williamson County Airport Business Park
  • Well-Maintained Masonry Building
  • Long-Term Leasehold

OVERVIEW

The Ficke Team of Colliers is pleased to present to qualified investors The U.S. Department Mine Safety and Health Administration (MSHA) building located at 8223 Express Drive in Marion, Illinois. This 8,000-square foot building was developed in 2013 and is situated on 1.274 acres of land. The GSA executed the 5-year renewal option on this first-generation lease with four-years firm term, and one-year soft term, expiring on May 15, 2028, demonstrating their commitment to this location. Inspectors in this Marion Field Office prepare, conduct, and report onsite safety and health inspections and investigations of surface and underground mining operations. They also prepare equipment and instruments needed for inspections and investigations from this building, which has a special equipment room for this purpose. The MSHA property is part of the Williamson County Airport Business Park, which is part of the Veterans Airport of Southern IL. The property is being conveyed with a forty-five and one half year ground-lease with the Williamson County Airport, through November 5, 2029 with four-10-year renewal options. Veterans Airport is the region’s sole primary commercial service airport. The airport promotes the business park that combined with other businesses located on the airport property, generates an annual economic impact of over $21 million to the area. Marion is one of the fastest growing cities in Southern Illinois. Marion is a city in both Williamson and Johnson Counties and is the county seat for Williamson County. Marion serves as the largest retail trade center in Southern Illinois with its central location along Interstate 57 and Illinois Route 13. This ideal location serves as the center for shopping, dining, and entertainment in Southern Illinois. With access to Interstate 24 just to the south, Marion is a point of access to major cities like Chicago, Nashville, and St. Louis.

FOR SALE DETAILS

PRICE

$1,025,000 USD

PRICE/SF

$128 USD /SF

CAP RATE

8.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

Commercial

APN/PARCEL ID

06-08-451-005

ASK ABOUT THIS PROPERTY

Geoff FickeColliersMore Info
972-759-7814

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Geoff FickeColliersMore Info
972-759-7814

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.