Ackerman Capital, LLC
Listed by Sands Investment Group, Ackerman Capital, LLC
$535,000
104 Airway Drive - The Airway Drive Portfolio
Details
Property Type Office
Sub Type Medical Office
Square Footage 3,750
Cap Rate 9.25%
NOI $49,474
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 5
Lease Expiration 04/30/2029
Remaining Term 2.8
Rent Bumps Yes
Lease Options Renewal terms, including rental rate, are subject to negotiation with the tenant.
Price per SqFt $143
Acreage 0.440
Investment Type Net Lease
Lease Commencement 05/01/2024
Ground Lease No
104 Airway Dr | Medical Office | 9.25%
Marketing description
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.
Investment highlights
- Value Creation: Priced at $535,000, this fully occupied single-tenant asset offers compelling upside given ~ 3 years of stable income.
- Recession-Resistant Demand: Delivers critical healthcare services with consistent demand for home health care regardless of market conditions.
- Tenant Overview: Residential Healthcare Group (Graham Health Group) provides home health, hospice, palliative, and support care services for patients recovering from or managing chronic conditions in the region.
- Institutional Backing: The Residential Healthcare Group operates in 7 states with an established growth model and regional presence in the Midwest.
- Sticky Tenancy: Growing demand for in-home care driven by the aging population and increasing preference for home-based services.
Listing Contacts
Ackerman Capital, LLC
Listed by Sands Investment Group, Ackerman Capital, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$49,474.00
$4,122.83/mo
Valuation Metrics
0
DSCR
9.25%
Cap Rate
9.25%
ROI
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