Updated Jul 13, 2026
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
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