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
Saint Paul Office Market Snapshot
Boundary boundary · Office · Lease transactions
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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