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Blue Water 1 2905 Lexington Ave S 56,300 SF 100% Leased Flex Building Eagan, MN 55121 $13,709,406 CAD ($243.51 CAD/SF) 6.52% Cap Rate

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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

Price $13,709,406 CAD
Price Per SF $243.51 CAD
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

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Founded in 1997, Caliber has grown to hundreds of centers nationwide and features a range of automotive services, including Caliber Collision, one of the nation’s largest auto collision repair providers across dozens of states and Caliber Auto Glass for glass repair and replacement. With the Purpose of "Restoring the Rhythm of Your Life®", Caliber’s thousands of teammates are committed to getting customers back on the road safely — and back to the rhythm of their lives — every day. Dedicated to providing an outstanding customer experience, Caliber continues to rank among the highest customer satisfaction scores in the industry.

  • Rental and Leasing Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Enterprise Rent-A-Car represents an ongoing success story in America. Its guiding principles and humble beginnings are rooted in personal honesty and integrity. The company is committed to strengthening communities one neighborhood at a time, treating customers like family, and rewarding hard work—values that have remained consistent since its founding in 1957. Today, Enterprise has established itself as the largest provider of transportation solutions, offering car and truck rentals, car sharing, and car sales. With thousands locations worldwide, the company is always available to meet customer needs. In addition, Enterprise actively engages in sustainability, recognizing it as beneficial for business and essential for creating a better future for generations to come. Due to its size, the company is uniquely positioned to drive innovation, advance research, and implement market-driven solutions.

  • Arts, Entertainment, and Recreation
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Union Fitness knows it’s hard to start and continue a workout program when you’re constantly juggling life’s demands. Work, kids, family and more all demand your time. If you want to become the fittest, healthiest version of yourself without spending hours in the gym, Union Fitness will help you make it happen. Their experienced team of coaches will challenge and inspire you while their supportive community will cheer you on.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Rental and Leasing Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Arts, Entertainment, and Recreation 99,999 SF $9.99 Lorem Ipsum Jan 0000

Demographics

Regional Accessibility

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
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%
$ values in USD

Property Taxes

Property Taxes

Parcel Number
10-22509-01-010
Land Assessment
$2,729,969 CAD
Improvements Assessment
$6,140,452 CAD
Total Assessment
$8,870,421 CAD
  • Listing ID: 38986729

  • Date on Market: 2026-01-06

  • Last Updated:

  • Address: 2905 Lexington Ave S, Eagan, MN 55121

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