facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Minnesota

/

Industrial

/

Sale

/

63 Saint Anthony Parkway

Updated Jun 12, 2026

Xcel Energy Acquires 154,000 Square Foot Industrial Warehouse In Minneapolis For $15 Million
SOLDIndustrial

Xcel Energy Acquires 154,000 Square Foot Industrial Warehouse In Minneapolis For $15 Million

63 Saint Anthony Parkway

$15,000,000

$97/SF

Building Size

154,000 SF

Asset Type

Industrial

Closing

Jun 10, 2026

About this deal

AI

Xcel Energy acquired a 154,000-square-foot warehouse located at 63 Saint Anthony Parkway in Minneapolis, MN. The property was purchased for $15 million in an all-cash transaction, following the seller's planned hold period. The building, which was formerly a Ford Motor Co. warehouse, is situated in the Columbia Park area and will be utilized by Xcel as an owner-user site adjacent to its existing land holdings in northeast Minneapolis.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $15,000,000
  • Address: 63 Saint Anthony Parkway
  • Market: Minneapolis, MN
  • Square Footage: 154,000
  • Price Per Square Foot: $97
  • Buyer: Xcel Energy
  • Seller: Fountain Real Estate Capital & Midloch Investment Partners

The transaction involved Xcel Energy as the buyer and Fountain Real Estate Capital along with Midloch Investment Partners as the sellers. This acquisition signifies the completion of the sellers' hold period for the property prior to the sale.

On the Map

Open live map

$15,000,000

$97/SF

Industrial

View full map

Players

Xcel Energy
Xcel EnergyBuyer
Midloch Investment Partners
Midloch Investment PartnersSeller

Saint Anthony Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Deal FAQ

About $97 per square foot on a published $15M for 154,000 square feet (2026).

Browse Minnesota industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets