Vantage Data Centers Acquires 10-Acre Land In Sterling, VA For $27M
SOLD
$27,000,000
Virginia
See Similar DealsSold 10/18/2022
SOLD
Vantage Data Centers Acquires 10-Acre Land In Sterling, VA For $27M
Dresden Street, Sterling, Virginia 20166, United States
See Similar DealsSold 10/18/2022
Summary
VIRGINIA
Transaction Type:Sale
The property involved in this transaction is a piece of land located on the south side of Pacific Boulevard at Dresden St. It spans across 10 acres in Sterling, VA. The sale of this land took place on October 18, 2022.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $27,000,000
- Address: South Side of Pacific Boulevard at Dresden St.
- Market: Sterling, VA
- Buyer: Vantage Data Centers
- Seller: Boston Properties Inc
Vantage Data Centers, represented by their broker, acquired this 10-acre land from Boston Properties Inc for a total price of $27,000,000.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,440,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$95,925.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$127,993.77
Annual Debt Service$1,535,925.30
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