19420 N SR 162

Office for Sale
Catylist Listing ID: 30796797
Property Subtypes: High-Tech, Medical, Flex Space, Office Building, Research & Development
Building Size (RSF): 12,000 SF
Gross Land Area: 6 Acres
Sale Price: $1,200,000
Unit Price: $100 PSF
Ceiling: 15 ft.
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: Communications Logistics, Inc
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/20/2023

Overview / Comments

Great one owner office building in excellent condition located in Spencer County Indiana within 10 minutes of I-64 which is a major east/west thoroughfare. This property was previously occupied by Communications Logistics, Inc and was used as technology center. There are 13 private offices and a large open cubicle area for a combined office area of 10,900 SF. There are four restrooms, two conference rooms, IT room, break room and supply room. The entire building is temperature controlled with nine zoned HVAC units. Also included is a 22' x 50' shipping and receiving area with a 8.5' x 10' overhead door and truck dock. The floor plan is largely open with extensive recessed led lighting and 8'-10' ceiling height. As the photos illustrate this property is in excellent condition and has a host of opportunities for many types of businesses. There are 51 parking spaces and six total acres with 60% of the land still available for expansion.


Finance Data Year 2022
Real Estate Taxes - Annual($) $9,576 (Annual)

Additional Details

Nearest MSA: Jasper
County: Spencer
Taxing Authority: Spencer County
Tax ID/APN: 74-01-18-400-030.004-011
Zoning: B-3
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 12,000 SF
Year Built: 2000
Roof Type: Gable
Construction/Siding: Block, Metal Siding, Steel Frame
Parking Ratio: 4.2 (per 1000 SF)
Parking Type: Surface
Parking Description: Large paved private parking lot.
Total Parking Spaces: 51
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: B-3 General Business Zone
Lot Frontage: 496
Lot Depth: 594
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: PT NE SE 18-4-4 6A

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,490 6,842
Median Age: 42.42 40.94
Households: 893 2,542


Photograph of Listing Agent

Mark Miller

ERA First Advantage Realty, Inc.
ICREX Member
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