Outour Storage Investments Acquires Net Lease Property In Eagan, MN For $4.7M

CBRE’s Minneapolis-based Institutional Properties team represented the seller and procured the buyer for 2929 Lone Oak Circle, a high flow-through truck terminal in suburban Minneapolis net leased to TransX, a wholly owned subsidiary of Canadian National Railway (NYSE: CNI). The property consists of nearly 5 acres of outside storage and trailer parking, an on-site Industrial Service Facility for fleet maintenance, and a diesel fuel island. The property was sold for a price of $4,700,000, with a total area of 20,000 square feet and a price per square foot of $235. It is located at 2929 Lone Oak Circle in Eagan, MN.

Summary of transaction details

• Property Type: Net Lease
• Transaction Amount: $4,700,000
• Square Footage: 20,000
• Price Per Square Foot: $235
• Address: 2929 Lone Oak Circle, Eagan, MN
• Market: Eagan, MN
• Buyer: Outour Storage Investments
• Brokers: Harrison Wagenseil, Ryan Watts, Tom Holtz, and Thomas Williams - CBRE

CBE's Minneapolis-based Institutional Properties team, comprised of Harrison Wagenseil, Ryan Watts, Tom Holtz, and Thomas Williams, played a significant role in the transaction. They represented the seller and were responsible for procuring Outour Storage Investments as the buyer. Their expertise in the market and strong network of connections facilitated the successful sale of the property.