Bogey Free Properties LLC Acquires Office Property In Eagan From Capital Partners For $11.175M

The property asset involved in the transaction is an office-showroom located at 2900 Lone Oak Parkway, Eagan, MN. This asset, known as The Waters, encompasses a total area of 91,595 square feet and was sold for $11,175,000. The property, built in 1987, is currently 90% leased, indicating a degree of occupancy that may appeal to potential stakeholders. It previously exchanged ownership for $5.885 million in 2016.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $11,175,000
• Buyer: Bogey Free Properties LLC
• Seller: Peter Mork - Capital Partners
• Square Footage: 91,595
• Price per Square Foot: $122
• Market: Eagan, MN
• Leasing Status: 90% leased
• Previous Sale Price: $5,885,000 (2016)

The buyer, Bogey Free Properties LLC, and the seller, Peter Mork of Capital Partners, were pivotal to this transaction. With the acquisition, Bogey Free Properties LLC adds a significant asset to its portfolio, reflecting a strategic investment in a well-leased property in a growing market.