SOLD
LightEdge Acquires Chaska Data Center For $31M From Stream Realty Partners
1708 West Creek Lane
Industrial
76,000 SF
76,000 SF
Sold 114 days ago
Summary
Sale
MINNESOTA
Industrial
76,000 sqft
Iowa-based data group LightEdge has acquired the Chaska data center at 1708 W. Creek Lane in Chaska, MN. The one-story industrial property, spanning 76,000 square feet, was sold in a cash deal for $31,000,000. Built in 2014, the data center is located in Chaska's data center hub and benefits from the city's reliable and quick outage response offered by Chaska Electric, the publicly owned utility.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $31,000,000
- Address: 1708 West Creek Lane, Chaska, MN
- Market: Chaska, MN
- Acres: 6
The buyer in the transaction is Jim Masterson, representing LightEdge. On the other side, Lee Belland, from Stream Realty Partners, acted as the seller's representative. The acquisition of the Chaska data center by LightEdge expands their presence in the region and demonstrates their investment in the growing data center industry.
Details
SOLD
IMAGE: Jim Masterson & Lee Belland
DATE: 01/23/2024
ADDRESS: 1708 West Creek Lane
MARKET: Chaska, MN
ASSET TYPE: Industrial ~ ACRES: 6
BUYER: Jim Masterson - LightEdge
SELLER: Lee Belland - Stream Realty Partners (@StreamRealtyPartners)
SALE PRICE: $31,000,000
SF: 76,000 ~ PPSF: $408
NOTE: Iowa-based data group LightEdge has acquired the Chaska data center at 1708 W. Creek Lane for $31 million in a cash deal from Stream Realty Partners. The 76,000-square-foot one-story building, part of Chaska's data center hub, was built in 2014 and leverages the city's publicly owned utility, Chaska Electric, known for its reliability and quick outage response.View on map
Loading...
Address1708 West Creek Lane
Comparables
Reset filters to show results.