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Data Center Development

Ground-up hyperscale / colocation underwriting · capacity to levered returns

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Project Profile

Project Name
Location
Design Tier / Redundancy
Analysis Start (Year)

Power Capacity

Critical IT Load (MW)
Power Usage Effectiveness (PUE)
Utilization at Stabilization (%)

Timeline (Years)

Construction Period
Lease-Up / Ramp Period
Stabilized Hold (post ramp)

Revenue

Colocation Rent ($/kW/month)
Annual Rent Escalation (%)
Stabilized Vacancy / Credit Loss (%)

Operating Expenses

Blended Power Cost ($/kWh)
Staffing & Security ($/yr)
Maintenance ($/kW/yr)
Insurance ($/yr)
G&A ($/yr)
Property Tax (% of cost/yr)
Opex Growth (%)
CapEx Reserve (% of EGR)

Development Cost

Land ($)
Shell & Core ($/kW)
Electrical & Mechanical ($/kW)
Soft Costs (% of hard cost)
Contingency (% of hard cost)
Developer Fee (% of hard cost)

Capital Structure & Exit

Construction Loan (% of cost)
Construction Interest Rate (%)
Exit Cap Rate (%)
Selling Costs (% of value)
Development Verdict
CALCULATING…

What drives this result

Sources & Uses

Annual Operating Pro Forma

Stabilized Valuation (Direct Cap)

Unlevered & Levered Cash Flow

Return Metrics