Updated Aug 31, 2026
Josh Budish Of Endeavor Development And Keystone National Group Acquire Industrial Buildings In Minneapolis For $39.35M
451 Northeast Industrial Boulevard
$39,350,000
$116/SF
Building Size
337,560 SF
Asset Type
Industrial
Closing
Aug 28, 2026
About this deal
AI
The transaction involved two industrial buildings situated at 451 Northeast Industrial Boulevard, Minneapolis, MN. The sale was executed for $39,350,000, encompassing a total area of 337,560 square feet, with a price per square foot of $117.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $39,350,000
- Buyer: Josh Budish - Endeavor Development; Keystone National Group
- Market: Minneapolis, MN
- Asset Size: 337,560 SF
- Price per Square Foot: $117
The acquisition marks the second joint venture between Endeavor Development and Keystone National Group, with the properties fully leased to Viking Electric and Best Buy, thereby enhancing Endeavor’s industrial presence in the Twin Cities region.
Ibiaí 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
0.40%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93