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103 Airway Drive - The Airway Drive Portfolio 103 Airway Dr 5,258 SF 100% Leased Office Building Marion, IL 62959 $602,017 CAD ($114.50 CAD/SF) 9.25% Cap Rate
Investment Highlights
- Attractive pricing at approximately $81 PSF.
- The 1,450 SF space was recently vacated, leaving the asset at a 72% occupancy, which is a prime opportunity for increased income through leasing.
- Pearson is a global leader in computer-based testing and professional credentialing services for hundreds of organizations across industries.
- The property benefits from a diversified tenant mix, including Pearson VUE Testing Center and Stiles Office Technology.
- Pearson Testing Center has been a tenant at the site since 2002.
- The Pearson Testing Center is guaranteed by NCS Pearson INC, the firm’s corporate entity.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 5,258 SF Airway Drive Portfolio in Marion, IL. The property benefits from a diversified tenant mix, including Pearson VUE Testing Center and Stiles Office Technology, reducing reliance on a single occupant and enhancing income stability.
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
5,258 SF
Building Class
B
Year Built
2025
Price
$602,017 CAD
Price Per SF
$114.50 CAD
Cap Rate
9.25%
NOI
$55,690 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,258 SF
Building FAR
0.15
Lot Size
0.82 AC
Parking
30 Spaces (5.71 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Future Tenant
- Retailer
- 1,450 SF
- -
- -
- Pearson Testing
- Professional, Scientific, and Technical Services
- 1,108 SF
- $849.91 CAD
- -
- Stiles Tech Office
- Professional, Scientific, and Technical Services
- 2,700 SF
- $849.91 CAD
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Future Tenant | Retailer | 1,450 SF | - | - | ||
| Pearson Testing | Professional, Scientific, and Technical Services | 1,108 SF | $849.91 CAD | - | ||
| Stiles Tech Office | Professional, Scientific, and Technical Services | 2,700 SF | $849.91 CAD | - |
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Somewhat walkable
30/100
Very drivable
80/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 06-17-103-001 | Improvements Assessment | $173,480 CAD |
| Land Assessment | $18,627 CAD | Total Assessment | $192,107 CAD |
Property Taxes
Parcel Number
06-17-103-001
Land Assessment
$18,627 CAD
Improvements Assessment
$173,480 CAD
Total Assessment
$192,107 CAD
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103 Airway Drive - The Airway Drive Portfolio | 103 Airway Dr
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