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2750 Blue Water Road

Leonardo DRS Expands Footprint With 10-Year Lease At 2750 Blue Water Road Eagan MN
LEASEDOffice

Leonardo DRS Expands Footprint With 10-Year Lease At 2750 Blue Water Road Eagan MN

2750 Blue Water Road

Building Size

48,563 SF

Asset Type

Office

Closing

Jul 30, 2025

AI

The asset involved in this transaction is an office property located at 2750 Blue Water Road in Eagan, MN. The total square footage of the lease is 48,563 SF, and the lease was signed for a duration of 10 years.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Lease Term: 10 years
  • Landlord: Group RMC
  • Tenant: Leonardo DRS
  • Landlord's Representative: Mike Honsa - Transwestern
  • Tenant's Representatives: Chuck Bower & Jerry Moore - RV3 Solutions
  • Market: Eagan, MN

Leonardo DRS is relocating from Burnsville and expanding its footprint by fall 2025. Mike Honsa represented the landlord Group RMC, while Chuck Bower and Jerry Moore from RV3 Solutions represented the tenant in the leasing transaction.

Players

Mike Honsa

Transwestern

Broker

1 deal

Broker
Transwestern
TranswesternBrokerage
RV3 Solutions
RV3 SolutionsBrokerage

Saint Paul Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93