Wigen Water Technologies Acquires Office Space At 4250 Norex Drive In Chaska For $5.1M
4250 Norex Drive
$5,100,000
$122/SF
Building Size
41,506 SF
Asset Type
Office
Closing
Mar 24, 2026
About this deal
AI
The property asset involved in the transaction is a 4.18-acre office building located at 4250 Norex Drive in Chaska, MN. The sale price was $5,100,000, with a total square footage of 41,506 SF, resulting in a price per square foot of $123.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,100,000
- Buyer: Wigen Water Technologies
- Seller: Arbor Park II LLC
- Broker: Justin Stueve - Copperwood Real Estate
Wigen Water Technologies acquired the former Bailiwick Technology Center to expand its office, warehouse, and manufacturing capabilities. Justin Stueve of Copperwood Real Estate represented the seller, Arbor Park II LLC, in this transaction.
Chaska Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93