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Property:
Future Research & Development Facility for Ecolab
655 Lone Oak Drive
Eagan, Minnesota
Buyer: Ecolab, Inc.
Seller: CCPRE-Eagan, LLC
Source: Buyer
Sale Date: April 2, 2004
Sale Price: $17,500,000
Unit Price: $34.87
Net Rentable Area: 501,800 square feet (single tenant)
Gross Building Area: 501,800 square feet
Zoning: PD, Planned Development District
Utilities: All available
Topography & Soil: Rolling assumed stable
Visibility & Access: Good
Age: 1989, 1990
Land Size: 89.65 acres with excess land available and approved for 500,000 square foot expansion.
Remarks: Large campus/headquarters setting; includes four connected buildings. Buyer intends to renovate buildings and add 24,000 square feet of space. Special features include: data center space with raised flooring, workout center/gym with locker rooms, cafeteria and outdoor athletic fields. A significant amount of personal property was involved in the sale, including office furniture and equipment, kitchen equipment, 5 UPC systems, and exercise equipment.
Shenehon Company
88 South 10th Street, Suite 400
Minneapolis, Minnesota 55403
Phone: 612.333.6533 / Fax: 612.344.1635
ValuationSpecialist@shenehon.com
