TRUSS Data Centers Acquires Special Purpose Asset From Akil Kurji And Jeremy Gutierrez For $20M

The property asset involved in this transaction is located at 12626a Dairy Ashford Road in Sugar Land. It is classified as a Special Purpose asset. The sale price was set at $20,000,000, and the property spans a total of 15,000 square feet, resulting in a price per square foot of $1,333.

Summary of transation details:

• Property Type: Special Purpose
• Transaction Amount: $20,000,000
• Buyer: TRUSS Data Centers
• Seller: Akil Kurji - SVRGN Capital; Jeremy Gutierrez - Savant Energy
• Square Footage: 15,000
• Price per Square Foot: $1,333
• Market: Sugar Land

Notably, the seller, Akil Kurji of SVRGN Capital and Jeremy Gutierrez of Savant Energy, achieved a 20x return on investment and approximately 82% compound annual growth rate over a 5-year holding period, transitioning from an acquisition cost of $1,000,000 to an exit price of $20,000,000.