45925 Horseshoe Drive
The asset was acquired in June of 2021 from a public REIT. It is a commercial office/flex property located in Sterling, Virginia. The property was purpose-built for the anchor tenant in 2000 to serve as their North American headquarters. The tenant occupied 100% of the Property until 2015, at which point their footprint was reduced to the 112,110 SF under lease today.
- Located in the heart of Data Center Alley in Sterling, VA.
- Site contains over eleven acres of land in a favorable configuration for data center development.
- Medium term cash flow from credit tenancy allows for a double-digit current return on equity with a lease term short enough for future development.
- Achieved up-zoning to accommodate and maximize data center development.