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Executive Summary

Blue Water II consists of a 29,940 Square Foot, 100% occupied, single tenant office building, leased by Enterprise Rent-A-Car. Built in 2007, the property is a two story building with 20,000 square feet of office space and 9,940 square feet of 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.

Property Facts Under Contract

Sale Type
Investment NNN
Property Type
Office
Building Size
20,000 SF
Building Class
B
Year Built
2007
Price
$6,258,346 CAD
Price Per SF
$312.92 CAD
Cap Rate
8.18%
NOI
$512,096 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
10,000 SF
Building FAR
0.27
Lot Size
1.69 AC
Zoning
Business Park District - Commercial
Parking
115 Spaces (5.75 Spaces per 1,000 SF Leased)

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Enterprise
  • Rental and Leasing Services
  • 20,000 SF
  • $34.82 CAD
  • Triple Net
  • May 2033
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Enterprise Rental and Leasing Services 20,000 SF $34.82 CAD Triple Net May 2033
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
10-71375-01-030
Land Assessment
$964,738 CAD
Improvements Assessment
$2,679,660 CAD
Total Assessment
$3,644,398 CAD
  • Listing ID: 38986716

  • Date on Market: 2026-01-06

  • Last Updated:

  • Address: 2775 Blue Water Rd, Eagan, MN 55121

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