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Mine Safety & Health (MSHA) (LH)

8223 Express Drive, Marion, IL 62959

$1,025,000

Cap Rate 8.65%

Views: 72 DOM: 131 Updated: 08.28.24 Posted: 05.09.24 Status: Active

Summary

Price $1,025,000
Built/Renov 2013
Tenant Mine Safety & Health (MSHA) (LH)
Cap Rate 8.65%
Lease Type Modified Gross
Guarantor Corporate
Size/SF 8,000
Lease Start 05-16-2013
#Units 50
Price/SF $128.13
Expiration 05-15-2027
Tenant Type Government
NOI $88,666
R. Term 2.8
Ownership Leasehold
Rent/SF $11.08
Increases 0.0%/0/yrs
Pop 5Mi 33,499
Lot/AC 1.27
Options 0/0yrs
AHHI 5Mi $85,625

Geoff Ficke
Colliers
Contact

Zachary Ficke
Colliers
Contact

Lease Highlights

  • Mine Safety & Health (MSHA) has been operating in this location since 2013
  • Long-term Leasehold
  • The tenant has 3 years remaining on the current lease term with no options remaining
  • Backed by the U.S. Government (S&P: AA+)

Location Description

Mine Safety & Health Administration is strategically located on Express Drive. This 8,000-square foot building was developed in 2013 and is situated on 1.274 acres of land. The property is part of the Williamson County Airport Business Park, which is also part of the Veterans Airport of Southern Illinois. The 5-mile trade area is supported by a population of 33,499 residents with an average...

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Key Features

  • Build to suit

  • In location for years

  • Strategically located

  • Highway close

  • Affluent suburb location

  • Long operation history

  • Recently extended lease

  • Corporate Guarantee

    • ...

Links

Mine Safety & Health (MSHA) Wikipedia Mine Safety & Health Administration Wikipedia Marion, Illinois Zip Code 62959 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Mine Safety & Health
  • Guarantor:Corporate
  • Company:U.S. Federal Government
  • # Units:50
  • Stock:Private

About Tenant

The U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) works to prevent death, illness, and injury from mining and promote safe and healthful workplaces for U.S. miners. MSHA...


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Listing Broker

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