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2905 Lexington Ave S
Eagan, MN 55121 West St Paul

$10,050,000 USD

Flex For Sale • 47,837 SF

Property Details

Property Type Flex
Total Building Size 47,837 SF
Lot Size 9.32 AC
Building Class C
Year Built 1988
Cap Rate 6.52 %
Tenancy Multiple
Zoning I-1

20 Transit Score

40 Walk Score

                
                    Highlights
                
                                2905 Lexington Avenue presents Blue Water I, a premier flex building spanning nearly 50,000 SF with stabilized occupancy/ long-term in-place leases.
                            
                                Strategic location in Eagan’s industrial corridor, 10 minutes from MSP International Airport, and convenient access to major employment centers.  
                            
                                Attractive investment opportunity to acquire a strong tenant mix, including a national credit-rated tenant and all NNN, hands-off leases. 
                            
                                Appealing income profile with solid NOI and market-aligned rents, with potential for future customization and tenant improvements. 
                            
                                Rate permitted outdoor storage, through a recorded conditional use permit, currently leased by the Enterprise Rent-A-Car agency.

Property Flyers

View BWI Floorplans

View the Offering Memorandum

Cap Rate:

6.52 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Caliber Collision	22,991 SF	9/30/2031
Enterprise Truck Rental	15,644 SF	11/30/2032
Union Fitness	6,178 SF	12/31/2027

Public Transportation

Commuter Rail	Drive	Walk	Distance
	16 min	-	9.2 mi
Airport	Drive	Walk	Distance
Minneapolis-St Paul International/Wold-Chamberlain	12 min	-	6.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	130
Type:	Surface
Included in Rent:	Yes

Morgan Kavanaugh 651-315-8138 Walleye Brokerage, LLC

2905 Lexington Ave S Eagan, MN 55121 West St Paul