103 Airway Drive – The Airway Drive Portfolio

103 Airway Dr, Marion, IL 62959, USA

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.

  • Accessible Price Point: Attractive pricing at approximately $81 PSF.
  • Diversified Income Streams: 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.
  • Value-Add Potential: 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.
  • Historical Occupancy:  Pearson Testing Center has been a tenant at the site since 2002.
  • Tenant Strength: Pearson is a global leader in computer-based testing and professional credentialing services for hundreds of organizations across industries, including healthcare, information technology, finance, education, and public service.
  • Corporate Credit: The Pearson Testing Center is guaranteed by NCS Pearson INC, the firm’s corporate entity.
  • National and Regional Presence: Pearson VUE operates its 240 Professional Testing Centers nationwide, while Stiles Office Solutions is a regional office technology and supply company based in Carbondale, Illinois, serving the surrounding region.
  • Long-Term Tenancy: Pearson lease features 1, 3 year option. The Stiles Office Technology lease expires in 2028 with 2 negotiable options.

In Cooperation With Sands Investment Group Illinois, LLC – Lic. #481013714 BoR: Andrew Ackerman – Lic. IL #471021429

103 Airway Dr, Marion, IL 62959, USA

Pearson Professional Center and Stiles Office Technology

103 Airway Drive is occupied by Pearson VUE Testing Center and Stiles Office Technology, 2 tenants that provide essential workforce and business services. Pearson VUE is a global leader in computer-based testing and certification, supporting recurring demand through professional and educational exam administration. Stiles Office Technology, an Americom company, delivers managed print, document management, and IT solutions, providing mission-critical technology services that contribute to stable, long-term occupancy.

Price

$425,000

Cap Rate

9.25%

PREMISES

5,258 SF

BROKERS

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