Inventure Capital Acquires Eagandale Corporate Center Office In Eagan For $15.1M

The property asset involved in the transaction is a 140,812-square-foot office building located at 1305 Corporate Center Drive in Eagan, MN. The building, situated on 10.9 acres, was sold for $15,100,000, resulting in a price per square foot of $107. At the time of sale, the office building had an occupancy rate of 65%.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $15,100,000
• Address: 1305 Corporate Center Drive
• Market: Eagan, MN
• Size: 140,812 square feet
• Acres: 10.9
• PPSF: $107
• Buyer: Inventure Capital
• Seller: Hub Properties Trust
• Broker: Avery Ticer - Cushman & Wakefield
• Previous Acquisition Price by Seller: $14,200,000
• Previous Acquisition Year: 1998

Key individuals involved in the deal include Inventure Capital as the buyer and Hub Properties Trust as the seller. The transaction was brokered by Avery Ticer from Cushman & Wakefield, reflecting a significant change of ownership for the property.