Mine Safety Health Administration

  • Government
Marion
Location: Illinois


  • Building Size: 8,000 sq/ft

Property Information

Investment Overview

The Mine Safety and Health Administration (MSHA) building is located at 8223 Express Drive in Marion, Illinois. The 8,000-square foot building was constructed in 2013 to MSHA specifications, and is situated on 1.274 acres of land.

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 twenty-year firm ground-lease with the Williamson County Airport through 2031. In addition to the existing firm term, the Lessor has four extension options of ten years each, through 2071. An investor can achieve an
attractive 10.50% cash-on-cash return. Marion is located at the crossroads of Illinois Route 13 and Interstate 57 and 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.

The U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) helps to reduce deaths, injuries, and illnesses in the nation’s mines with a variety of activities and programs. The Agency develops and enforces safety and health rules for all U.S. mines, and provides technical, educational and other types of assistance to mine operators. MSHA carries out the provisions of the
Federal Mine Safety and Health Act of 1977 (Mine Act) as amended by the Mine Improvement and New Emergency Response (MINER) Act of 2006. The Agency develops and enforces safety and health rules for all U.S. mines regardless of size, number of employees, commodity mined, or method of extraction. MSHA also provides technical, educational and other types of assistance to mine operators.

Investment Highlights

  • First Generation GSA Lease to MSHA through May of 2023
  • U.S. Government Guarantee – “AA+” Credit Rating by Standard & Poor’s
  • Mission Critical Facility Located on the Williamson County Airport Business Park
  • Well Maintained Facility, 2013 Construction
  • Attractive 10.50% Cash-on-Cash Return

Facilities

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Contact Agent

Geoff Ficke

First Vice President Investments Director, Net Leased Properties National Office and Industrial Properties

License: TX 0593051

Debra Vander Weit

Government Specialist

License: 475149532