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
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