SR Realty Trust Acquires 100% Leased Industrial Property in Eagan
Posted Under: News
SR Realty Trust, Inc. is pleased to announce the purchase of a 360,000 square foot industrial property that is 100% leased to Murphy Logistics for $25 million. The property, located at 905 Yankee Doodle Road in Eagan, Minnesota, was built in 1970 and 1980, and sits on a 17+ acre site. The office/warehouse building has 29 dock doors, one drive-in door, and is rail served.
“The Minneapolis-St. Paul industrial market remains in high demand. The South-Central submarket continues to see vacancy rates drop and asking rents increase as it provides vital space through the main artery of the metro area,” said Dan Ruehl, Acquisition Manager, SR Realty Trust.
This is SR Realty Trust’s 16th industrial acquisition and fourth Eagan asset in its 39-property portfolio.