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Blue Water I & Blue Water II 2 Properties Offered at $15,500,000 in Eagan, MN

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INVESTMENT HIGHLIGHTS

  • Close proximity to I-35E and I-494
  • Strong tenant mix including national and regional companies
  • Short drive to MSP International Airport, Mall of America and the Minnesota Vikings training facility
  • Strategic location in Eagan's industrial corridor
  • Minutes from Costco, Starbucks, Home Depot, hotels and many restaurants

EXECUTIVE SUMMARY

Walleye Brokerage, LLC is pleased to present the opportunity to purchase an exclusive investment opportunity, Blue Water I and Blue Water II. The properties are ideally located adjacent to Interstate 35 and 494 in Eagan's premier business district. Quick access to downtown Minneapolis and St. Paul, MSP International Airport, Mall of America and much more.
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.
Blue Water II consists of a 29,940 Square Foot, 100% occupied, single tenant office building, lease by Enterprise Rent-A-Car. Built in 2007, the property is a two story building with underground parking and 92 additional parking spaces surrounding the building. The building also contains a reception/lobby area, private offices, bull-pen office space, conference rooms, breakroom, vending area, training room, restrooms, and utility room.
Portfolio purchase price is $15,500,000.00.

PROPERTY FACTS

Price $15,500,000
Price / SF $179.73 / SF
Cap Rate 6.55%
Sale Type Investment NNN
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 86,240 SF
Total Land Area 11.01 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Blue Water 1
2905 Lexington Ave S, Eagan, MN 55121
Flex 56,300 SF 1988 -
Blue Water 2
2775 Blue Water Rd, Eagan, MN 55121
Office 29,940 SF 2007 -
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  • Listing ID: 36318625

  • Date on Market: 6/19/2025

  • Last Updated:

  • Address: Blue Water I & Blue Water II, Eagan, MN

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