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1800 Broadway St Ne

Waste Management Acquires 119,875 Square Foot Industrial Facility In Minneapolis From Revantage For $22M
SOLDIndustrial

Waste Management Acquires 119,875 Square Foot Industrial Facility In Minneapolis From Revantage For $22M

1800 Broadway St Ne

$22,000,000

$183/SF

Building Size

119,875 SF

Asset Type

Industrial

Closing

Jul 9, 2026

AI

1800 Broadway St NE is an industrial asset located in Minneapolis, MN. The property was sold for $22,000,000. It encompasses a total area of 119,875 square feet and the price per square foot was calculated to be approximately $184.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $22,000,000
  • Buyer: Waste Management
  • Seller: Revantage
  • Sale Date: 07/09/2026
  • Market: Minneapolis, MN
  • Square Footage: 119,875
  • Price per Square Foot: $184

Waste Management acquired the leased industrial facility from Revantage, effectively adding a nearly 120,000-square-foot rail-served distribution property to its portfolio. The transaction represents a significant escalation from the property's prior sale in 2019.

Players

WM
WCA Waste ManagementBuyer

Broadway Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.72%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93