EP Partners Acquires Superior Office Center In Eden Prairie For $14M From Buhl Investors

The asset involved in the transaction is a former office building repositioned into a flex industrial asset, which is fully leased to two med-tech tenants. Located at 6509 Flying Cloud Drive in Eden Prairie, MN, the property spans an area of 93,146 square feet. The sale price for this industrial asset was $14,000,000, equating to a price per square foot of $150.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $14,000,000
• Address: 6509 Flying Cloud Drive
• Market: Eden Prairie, MN
• Square Footage: 93,146
• Price Per Square Foot: $150
• Buyer: EP Partners
• Seller: Peter Deanovic - Buhl Investors
• Brokers: Avery Ticer & Adam Hoffman - Cushman & Wakefield

Avery Ticer and Adam Hoffman from Cushman & Wakefield represented the deal, which demonstrates strong pricing and continuing demand in the Golden Triangle flex market. Buhl Investors successfully sold the property after repositioning it for its current use, transitioning from an office to a fully leased industrial space.