Project Industry_Property for Sale
Project Industry_Property for Sale
Harry J Parrish Boulevard, Manassas, VA

Project Industry

Asset description

Located in the heart of the Data Center Capital of the World, Project Industry sits strategically within Prince William County Virginia’s Data Center Opportunity Zone Overlay District (DCOZOD) which allows by-right data center development with a density of a 1.0 FAR: yielding up to 2,000,000 square feet of data center density. 


Project Industry benefits from its proximity to three (3) Dominion Energy substations and existing high-voltage transmission lines, enabling primary and redundant service through bridging, which provides short duration energy that maintains power during a transition period with mission-critical power infrastructure, dramatically reducing cost while accelerating speed of delivery. Moreover, the Prince William County Board of Supervisors recently approved allowances for data center developers to build up to 85 feet for projects located within the data center overlay promoting three-story development.


Currently, the Property offers an exceptionally rare opportunity to acquire a 501,600 square foot 98% leased portfolio of 5 industrial buildings occupied by 12 tenants. With 2.2 years of WALT, the Property provides stable cash flow, enabling a data center developer to generate a return on investment while securing power delivery. The unparalleled data center market fundamentals, combined with increasing land scarcity, allows investors to capture one of the last remaining large-scale by-right data center developments in Loudoun County or Prince William County, Virginia.

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Attributes

Building area net
46,600 sm
Occupancy
98%
Land area gross
26.32 ha
WAULT
2.2 years

Media

Investment highlights

  • Rare Industrial Zoning within the Data Center Overlay allows for greater density (1.0 FAR) and by-right data center development
  • Strategically located between three Dominion Substations providing access to critical infrastructure and bridging capacity up to 30MW 
  • Existing income from 12 in-place tenants provides attractive coverage while delivering power to the site
  • Growing institutional demand for data center developments as a result of the surge in demand for Artificial Intelligence and accelerating volume of data we create every day
  • Unmatched market fundamentals: Prince William County has the most existing and planned Megawatt (MW) inventory coupled with the lowest vacancy rate of any other market in the World
  • Power Delivery: the Property’s location proximate to transmission lines and multiple new substations facilitates access to power, reducing development timeframe and costs
Project Industry 4_Property for Sale
Project Industry 4_Property for Sale

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Last updated
May 16, 2024