Walleye Brokerage is pleased to present an exclusive investment opportunity at 2905 Lexington Avenue. Blue Water I consists of 47,837 square feet of rental building area, a fully leased, multi-tenant office building. The property boasts a diverse mix of Caliber Collision, Enterprise Rent-A-Car, and Union Fitness. The property includes 8,388 square feet of office space and 39,449 square feet of warehouse space, with an office ratio of 17.5%. Additionally, the site features 197,748 square feet of fully leased outdoor storage permitted under a conditional use permit. On-site features and amenities include ample natural light, expansive floor-to-ceiling windows, an attractive brick exterior, a dock and drive-in loading, and 130 parking spaces (at a 1.35 ratio).
The property is ideally located adjacent to Interstate 35E and 494 in Eagan’s premier business district, with quick access to Downtown Minneapolis and St. Paul, MSP International Airport, the Minnesota Vikings Headquarters, the Mall of America, and so much more. Tenants are just a short drive from Costco, Starbucks, Caribou Coffee, The Home Depot, hotels, and many restaurants.
Eagan is south of St. Paul and lies on the south bank of the Minnesota River, upstream from its confluence with the Mississippi River. Eagan and the other nearby suburbs form the southern section of the Minneapolis-St. Paul area. Blue Water I’s 5-mile demographics showcase a growing population with an affluent average household income. The realm is home to approximately 139,104 residents (expected to grow by 0.52% by 2030) with an average household income surpassing $126,600.
Inquire today to learn more about the cash-flowing, prominently located passive investment opportunity at Blue Water I.