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    Industrial Spec Building For Lease Title is generated by Realmo AI

    1820 Baker Drive, Ossian, IN

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    30,000 SF industrial building with expansion potential.

    Type:INDUSTRIAL
    Property size:
    30,000 SF
    Lot size:
    6.00 Acres
    Price / SF:
    $106/SF
    Added:
    Aug 29, 2023
    Days on Market:
    1020
    Last Refresh:
    May 20 at 9:16 pm

    Property Features for 1820 Baker Drive

    General Information

    Standard status
    Active
    Size
    30,000 SF
    Lot size
    6.00 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Steven Zacher, SIOR, CCIM
    Steven Zacher, SIOR, CCIM

    Listing agent Steven Zacher, SIOR, CCIM License #RB16000634

    Listing office The Zacher Company

    Listing date Aug 29, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of The Zacher Company

    HighLights

    • Shell complete and ready to be finished, allowing for customized build‑out.
    • 30,000 SF industrial building on 6 acres.
    • Future expansion capability up to 100,000 SF.
    • Ceiling height (Clear) Low 28' High 31'.
    • Includes 2 dock doors and 1 overhead door.
    • Attractive architectural entry designed for a 2‑story office build‑out.

    Overview

    This 30,000 square foot industrial spec building is available for lease. It is situated on 6 acres with the future ability to expand to 100,000 square feet. The building features an attractive architectural entry designed to accommodate a two-story office build-out with a mezzanine. It includes windows for daylighting and aesthetics, as well as LED high bay lighting. The warehouse has two dock doors and one overhead door. The ceiling height ranges from 28 feet at the low end to 31 feet at the high end. The lease rate is $7.14 per square foot per year on a NNN basis.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $298.8k $9.96
    − Vacancy −$13.4k −$0.45
    EGI $285.4k $9.51
    − OpEx −$42.8k −$1.43
    NOI $242.6k $8.09
    30,000 SF · lease $9.96/SF/yr · vacancy 4.50% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $3.47M
    $3.03M – $4.04M (±1% cap)
    NOI $242,551 @ 7.0% cap · market cap 7.58%
    Second Best
    Industrial
    $2.56M
    $2.24M – $2.99M (±1% cap)
    NOI $179,550 @ 7.0% cap · market cap 5.61%
    Theoretical Best
    Multifamily LT 5
    $25.06M
    $21.93M – $29.24M (±1% cap)
    NOI $1,754,298 @ 7.0% cap · market cap 54.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Hillcrest-U-Stor — 1700 Hillcrest Dr, Ossian, IN 46777

    Location Insight

    • Map
    • Local Demand
    City
    Ossian
    County
    Wells
    State
    Indiana
    Longitude
    -85.1733
    Latitude
    40.8669

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    • $3,200,000
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      30,000 SF Industrial Spec Building

      30,000 SF industrial building on 6 acres in Ossian, IN.
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      View Details

    FAQs

    What type of property is this?
    Warehouse - 30,000 SF industrial building with expansion potential.
    Where is this warehouse located?
    The property is located at 1820 Baker Drive Ossian, IN.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Shell complete and ready to be finished, allowing for customized build‑out.; 30,000 SF industrial building on 6 acres.; Future expansion capability up to 100,000 SF.
    (260) 437-0904 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steven Zacher, SIOR, CCIM
    Steven Zacher, SIOR, CCIM
    Real Estate License ID: RB16000634
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