Vantage Data Centers Acquires Centreport Pkwy Data Center For $62.75M
SOLD
$62,750,000
Illinois
See Similar DealsIndustrial
Sold
SOLD
Vantage Data Centers Acquires Centreport Pkwy Data Center For $62.75M
Industrial
Sold
Summary
Asset Type:Industrial
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$222,937.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$297,467.01
Annual Debt Service$3,569,604.16
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