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
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