Saber Hall Investment Management acquired Lexington Corporate Center, a 76,500-square-foot multi-tenant industrial facility at 3225 Neil Armstrong Blvd. in Eagan, Minnesota, for $9 million.
Saber Hall’s portfolio now consists of 41 commercial properties, including five in Eagan following this acquisition and the recent addition of Boulder Lakes III in November.
Built in 1998, Lexington Corporate Center features a 19-foot clear height, six dock doors, six drive-in doors, a 140-foot truck court and more than 270 parking spaces. The building is currently 89% leased to four tenants and sits within the Airport Southeast submarket of the Twin Cities, offering immediate access to I-35E, Lone Oak Road and MSP International Airport.
The property was marketed for sale by the JLL Capital Markets team including Colin Ryan.
