KeyBank Data Center Sale-Leaseback_Pand te koop
KeyBank Data Center Sale-Leaseback_Pand te koop
28850 Aurora Rd, Solon, OH, 44139-1839, US

KeyBank Data Center Sale-Leaseback

Activa beschrijving

The JLL Data Center Solutions team is pleased to bring to market the KeyBank Data Center located in Solon, OH (Cleveland MSA). Built in 2009, the data center houses primary IT production for the bank. KeyBank will execute a 2-year leaseback for the entire data center asset.


Investors are provided optionality for immediate value creation by leasing up the unoccupied West Data Hall portion of the facility while benefiting from two years of lease payments 100% guaranteed by an investment grade tenant.


This opportunity offers investors best-in-class data center infrastructure with strengthening local real estate fundamentals, secure cash flow from KeyBank, and substantial upside for future expansion, lease-up, and/or conversion to a colocation data center.

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Attributen

Bruto gebouwoppervlakte
9.788 vierkante meter
Bouwjaar
2009
Bruto landoppervlakte
5,94 ha
Bezetting
100%
NOI
€ 1.937.000

Media

Investeringshoogtepunten

  • Industry-leading and investment grade tenancy: KeyBank’s market capitalization is over $10.7 billion (S&P: A-, stable outlook).
  • Absolute triple net lease structure: 2-year sale-leaseback with zero landlord responsibilities and 3.0% annual rent escalations to hedge against inflation.
  • Value-add optionality: Buyer shall have the immediate repositioning opportunity to lease the unoccupied West Data Hall component during the leaseback term.
  • Growing colocation market: High-quality product in a market with limited wholesale supply available. 
  • Expansion capability: 14.67-acre site allows for future expansion to double the size of the data center on the property.

Contact makelaars

KeyBank Data Center Sale-Leaseback (0 Eigendommen)
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Laatst bijgewerkt
May 16, 2024