30,000 SF Industrial Spec
1820 Baker Dr Ossian, IN 46777
For Sale
Contact for pricing
30,000 SF industrial building on 6 acres in Ossian, IN.
Property Size30,000 SF
Lot Size6.00 Acres
Price / SF$106.67
Days on Market825
Property Features for 1820 Baker Dr
General Information
Standard status
Active
Size
30,000 SF
Lot size
6.00 Acres
Property subtype
Industrial
Building Details
Year Built
2023
Listing Agency:
The Zacher Company
(260) 422-8474
Listed By:
Steven Zacher · License #IN RB14014906
Source:
Crexi
Added: Apr 25, 2024
Changed: Jul 10
Last Checked: Jul 27 at 9:48AM
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
Investment Insights
Based on property information with market context.
This 30,000 SF industrial spec building is located at 1820 Baker Drive, Ossian, IN, and is set on 6 acres. The property features a complete shell awaiting customization, windows for natural light, LED High Bay Lighting, and an architectural entry suitable for a two-story office build-out. The building has the future capacity to expand to 100,000 SF. It includes 2 dock doors and 1 overhead door. Ceiling heights range from 28' (low) to 31' (high). The property is strategically located in Ossian, Indiana, offering access to key transportation routes for efficient distribution and logistics operations across regional and national markets. The area's industrial sector is supported by a skilled workforce, making it suitable for businesses in manufacturing and distribution. Essential resources and support services are nearby, creating an environment for industrial and warehouse/distribution operations. This property is suited for industrial, warehouse, and distribution investors or tenants.
Key Highlights
- 30,000 SF industrial spec building on 6 acres with expansion potential.
- Strategic location in Ossian, IN, providing seamless access to key transportation routes.
- High ceilings: (Clear) Low 28' High 31'.
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
NOI $242,551 @ 7.0% cap · market cap 7.58%
Second Best
Industrial
$2.56M
$2.24M – $2.99M
NOI $179,550 @ 7.0% cap · market cap 5.61%
Theoretical Best
Multifamily LT 5
$25.06M
$21.93M – $29.24M
NOI $1,754,298 @ 7.0% cap · market cap 54.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Hillcrest-U-Stor — 1700 Hillcrest Dr, Ossian, IN 46777
Frequently Asked Questions
What type of property is this?
Warehouse - 30,000 SF industrial building on 6 acres in Ossian, IN.
Where is this warehouse located?
The property is located at 1820 Baker Dr 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: 30,000 SF industrial spec building on 6 acres with expansion potential.; Strategic location in Ossian, IN, providing seamless access to key transportation routes.; High ceilings: (Clear) Low 28' High 31'.
