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1800 Broadway St Ne

Updated Jul 13, 2026

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

About this deal

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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Deal FAQ

About $183 per square foot on a published $22M for 119,875 square feet (2026).

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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

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