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Centreport Pkwy - Nova Gate...

Vantage Data Centers Acquires Centreport Pkwy Data Center For $62.75M
SOLDIndustrial

Vantage Data Centers Acquires Centreport Pkwy Data Center For $62.75M

$62,750,000

Building Size

Asset Type

Industrial

Closing

Jun 25, 2024

AI

The Centreport Pkwy - Nova Gateway Data Campus in Stafford, VA, has been sold for $62,750,000 to Vantage Data Centers by the seller Peterson Companies. The property, a Data Center, spans 82 acres with a price per acre of $765,244.

Summary of transation details:

  • Property Type: Data Center
  • Transaction Amount: $62,750,000
  • Address: Centreport Pkwy - Nova Gateway Data Campus, Stafford, VA
  • Market: Stafford, VA
  • Buyer: Vantage Data Centers
  • Seller: Peterson Companies
  • Brokers: Joseph Jemal & Bunny Escava - KSR
  • Acres: 82
  • Price Per Acre: $765,244

Joseph Jemal and Bunny Escava from KSR represented the buyer and seller in this transaction of the Data Center property.

Players

Bunny Escava

Kassin Sabbagh Realty

Broker

$1.2B

vol

44 deals

Broker

Market 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

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93