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    Industrial Pkwy Ossian, IN 46777

    Sponsored
    For Lease
    $7 SF/Yr ($17,850 /Mo)

    30,000 SF Warehouse, 6 Acres, I-469 Access

    Lot size:
    30,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 30,000-square-foot industrial warehouse, situated on six acres of land in Ossian, Indiana, presents a significant investment opportunity. The single-story building boasts a strategic location just seven miles south of I-469, ensuring convenient access to major transportation routes. The shell is complete and ready for tenant build-out, offering considerable flexibility. Features include two loading docks, one drive-in door, and a generous ceiling height of 30 feet at the eave and 33 feet at the peak, providing ample space for various industrial operations. The building also incorporates LED high-bay lighting throughout, 6-inch concrete floors, and a single-slope standing seam roof. Attractive architectural elements are incorporated to accommodate a two-story office build-out, potentially including mezzanine space, and windows are included for natural light and aesthetics. The property is zoned for industrial use and has a total of eleven parking spaces. The property's current lease rate is $7.14 per square foot per year, triple net (NNN). Furthermore, there's significant potential for future expansion, with the ability to increase the building size to an impressive 100,000 square feet. This property offers a compelling opportunity for businesses seeking a prime location and adaptable space in a thriving area. The APN is 90-02-21-502-001.000-009.

    Property Features for 0 Industrial Pkwy

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,000 SF
    Total Rate
    17850

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    30,000 SF
    Rate per SF
    $7

    HighLights

    • 30,000 SF single‑tenant warehouse on 6 acres.
    • Located 7 miles south of I‑469 in Ossian, IN.
    • Features 2 dock‑high doors and 1 drive‑in door.
    • 30' clear height (eave).
    • Expansion potential to 100,000 SF.
    • $7.14/SF/year NNN lease rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Ossian
    County
    Wells
    State
    Indiana
    Longitude
    -85.17272994188
    Latitude
    40.866222007456

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Distribution property - 30,000 SF Warehouse, 6 Acres, I-469 Access
    Where is this distribution property located?
    The property is located at Industrial Pkwy Ossian, IN.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: 30,000 SF single-tenant warehouse on 6 acres.; Located 7 miles south of I-469 in Ossian, IN.; Features 2 dock-high doors and 1 drive-in door.
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    Industrial Pkwy Ossian, IN 46777
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Industrial Pkwy Ossian, IN 46777
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