Minneapolis · Commercial sale
NM Rich buys 7300 36th Avenue North in New Hope for $32.87 million
A warehouse at 7300 36th Avenue North, New Hope sold for $32,873,667 on September 14, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $32,873,667
- Sold
- September 14, 2026
- Property type
- Warehouse
A warehouse at 7300 36th Avenue North in New Hope sold for $32,873,667 on September 14, 2026, according to the Certificate of Real Estate Value filed with the Minnesota Department of Revenue.
The record lists Spirit Realty, L.P. as the seller and NM Rich, L.L.C. as the buyer.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in Hennepin County?
By our estimate, the seller's two largest charges, not counting prorations, were $111,770.47 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $58,503.92 for the owner's title insurance policy. Who pays what follows Hennepin County custom.
How much did the seller net?
By our estimate, the seller netted about $32,627,653. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $32,798,819 at closing. That covers the full price and closing costs.
Source: Minnesota Department of Revenue, Certificates of Real Estate Value, document 1923487. Property details: Hennepin County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
