Vantage Data Centers Acquires 10-Acre Land In Sterling, VA For $27M
Dresden Street, Sterling, Virginia 20166, United States
$27,000,000
Building Size
—
Asset Type
—
Closing
Oct 17, 2022
About this deal
AI
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.
On the Map
$27,000,000
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Players
Sterling CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93