Daily limit: 0/10
Amazon Web Services Acquires Talen Energy's Cumulus Data Center Campus In Berwick For $650M
SOLD
$650,000,000
Pennsylvania
See Similar DealsIndustrial
Sold 03/04/2024
SOLD
Amazon Web Services Acquires Talen Energy's Cumulus Data Center Campus In Berwick For $650M
769 Salem Boulevard
See Similar DealsIndustrial
Sold 03/04/2024
Summary
PENNSYLVANIA
Asset Type:Industrial
Transaction Type:Sale
The Industrial property located at 769 Salem Boulevard in Berwick, Pennsylvania, spanning 1,200 acres, was sold in a transaction.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $650,000,000
- Buyer: Jeff Bezos - Amazon Web Services
- Seller: Talen Energy
- Asset Type: Industrial
- Acres: 1,200
- Market: Berwick, Pennsylvania
Jeff Bezos, representing Amazon Web Services, acquired Talen Energy's Cumulus data center campus in Luzerne County, Pennsylvania. The acquisition reflects a trend of tech companies expanding their data center operations in rural areas to address growing demand and power limitations in traditional hubs.
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$34,666,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,309,312.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,081,331.61
Annual Debt Service$36,975,979.37
Is there something missing? Send suggestions