Centaur Capital Partners Acquires Cobalt Business Center From Endeavor Development And Standard Real Estate For $32M

The Cobalt Business Center, located at 1315 Mendota Heights Road in Mendota Heights, Minnesota, is an industrial asset comprising 10.1 acres with a total area of 174,000 square feet. The property was sold for $32 million, translating to a price per square foot of $184. It features 32-foot clear heights, 15 dock positions, and 4,000 amps of power. The property is fully leased, with Consolidated Precision Products as the tenant.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $32,000,000
• Square Footage: 174,000
• Price Per Square Foot: $184
• Buyer: Centaur Capital Partners
• Seller: Endeavor Development; Standard Real Estate Investments
• Broker: CBRE
• Market: Mendota Heights, MN
• Acquisition Note: Tenant Consolidated Precision Products is slated for acquisition by GE Aerospace in 2027

This transaction was facilitated by Centaur Capital Partners as the buyer, and the deal was represented by a venture involving Endeavor Development and Standard Real Estate Investments as the sellers. CBRE acted as the broker in this transaction.