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Centra Acquires Land At 610 Opperman Drive In Eagan For $17 Million From Ryan Companies
SOLD
$17,000,000
Minnesota
See Similar DealsLand
Sold 08/12/2025
SOLD
Centra Acquires Land At 610 Opperman Drive In Eagan For $17 Million From Ryan Companies
610 Opperman Drive
See Similar DealsLand
Sold 08/12/2025
Summary
MINNESOTA
Asset Type:Land
Transaction Type:Sale
Land at 610 Opperman Drive in Eagan, MN, was sold for $17,000,000. The asset, valued for its potential in a redevelopment plan, encompasses over 150,000 square feet and is intended for a new data center, designated as MSP1, which will feature more than 10 MW of power. The property is strategically located adjacent to an Amazon distribution center.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $17,000,000
- Buyer: Centra
- Seller: Ryan Companies
- Building Square Feet: 150,000
- Price Per Building Square Feet: $113
Centra acquired the property from Ryan Companies as part of a broader initiative to enhance major data center investments in the region. The transaction highlights the growing demand for data infrastructure amidst ongoing development in the local market.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$906,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$60,397.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,588.67
Annual Debt Service$967,064.08
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