30,000 SF Industrial Spec Building

1820 Baker Dr, Ossian, IN 46777

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For Sale

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

Type:Industrial

Property size:

30,000 SF

Lot size:

6.00 Acres

Price / SF:

$106/SF

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'.
Complete shell ready for customization.
Features include windows for natural light and LED High Bay Lighting.
Includes 2 dock doors and 1 overhead door.

We can help!

Listing Contact

Steven Zacher

Learn more

For Sale

Contact for pricing

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

Type:Industrial

Property size:

30,000 SF

Lot size:

6.00 Acres

Price / SF:

$106/SF

Added:: Apr 25, 2024
Days on Market:: 777
Last Refresh:: May 12 at 9:43 pm

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

We can help!

Listing Contact

Steven Zacher

Listing agent Steven Zacher License #IN RB14014906

Listing office The Zacher Company

Listing date Apr 25, 2024

Source Crexi

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

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'.
Complete shell ready for customization.
Features include windows for natural light and LED High Bay Lighting.
Includes 2 dock doors and 1 overhead door.

Overview

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.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

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

Similar Places Nearby

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

Location Insight

Map
Local Demand

City: Ossian
County: Wells
State: Indiana
Longitude: -85.1733402
Latitude: 40.8669398

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Industrial Spec Building For Lease

30,000 SF industrial building with expansion potential.

1820 Baker Drive, Ossian, IN

View Details

For sale
Warehouses
IN
Ossian
46777
1820 Baker Dr

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'.