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2905 Lexington Ave S
Eagan, MN 55121
Blue Water 1 · Flex Property For Sale
Executive Summary
Blue Water I consists of an 86,240 Square Foot, 95% occupied, multi-tenant office building. The property boasts a diverse mix of Caliber Collison, Enterprise Rent-A-Car and Union Fitness. The property includes 14,336 SF of office space and 35,879 SF of warehouse space, with an office ratio of 28.55%. Additionally, the site features 197,748 SF of outdoor storage leased to Enterprise Rent-A-Car.
Property Facts
| Sale Type | Investment NNN | Rentable Building Area | 56,300 SF |
| Cap Rate | 6.52% | No. Stories | 2 |
| Property Type | Flex | Year Built | 1988 |
| Building Class | C | Parking Ratio | 2.31/1,000 SF |
| Lot Size | 9.32 AC | Clear Ceiling Height | 22’ |
| Zoning | I-1 - Industrial | ||
| Sale Type | Investment NNN |
| Cap Rate | 6.52% |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 9.32 AC |
| Rentable Building Area | 56,300 SF |
| No. Stories | 2 |
| Year Built | 1988 |
| Parking Ratio | 2.31/1,000 SF |
| Clear Ceiling Height | 22’ |
| Zoning | I-1 - Industrial |
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Minneapolis
425,403
13
0 h 24 m
Milwaukee
592,025
333
6 h 7 m
Omaha
468,262
381
6 h 57 m
Chicago
2,705,994
406
7 h 26 m
Kansas City
491,918
429
7 h 50 m
Indianapolis
867,125
585
10 h 56 m
Access and Labor Force
10 Miles
Total Population
982,182
Total Labor Force
555,670
Unemployment Rate
3.22%
Median Household Income
$76,109
Warehouse Employees
81,963
High School Education Or Higher
92.40%
Property Taxes
| Parcel Number | 10-22509-01-010 | Improvements Assessment | $4,422,300 |
| Land Assessment | $1,966,100 | Total Assessment | $6,388,400 |
Property Taxes
Parcel Number
10-22509-01-010
Land Assessment
$1,966,100
Improvements Assessment
$4,422,300
Total Assessment
$6,388,400
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