Data Center Investment Property
Data Center | 6.00% CAP | 15,225 SqFt
Marketing description
Romans Properties LLC is pleased to exclusively offer for sale 1208 Quality Choice Place, a 15,225 SF single-story data center / colocation facility on 0.59 acres in the Old Louisville submarket. The building was purpose-built as a telecommunications and data center facility and is fully occupied by Intelishift US, LLC.
The tenant recently exercised the first of its remaining five-year renewal options, extending the lease through February 2031, with at least one additional five-year option preserved. The Property offers in-place standby generation, chilled-water cooling, and a multi-tier UPS plant, infrastructure that would be costly and time-consuming to replicate.
The Property is offered at a target price of $2,984,354, representing a 6.0% capitalization rate on the in-place annual base rent of $179,061.24.
Investment highlights
- Mission-Critical Infrastructure In Place: 2.25 MW Cummins standby generator, dual 250-ton York air-cooled chillers, and a multi-module UPS plant (2 installed / 1 future) are already built out.
- Long-Term, Recently Renewed Tenancy: Tenant has just exercised its first 5-year renewal option (through Feb. 2031), with additional option(s) still available.
- Net Lease Structure: Tenant is responsible for real property taxes, insurance, utilities, and maintenance, subject to a capital cost-sharing mechanism on major building systems.
- Purpose-Built Technical Space: 7,500+ SF of dedicated collocation/data hall space across three areas, supported by MPOE connectivity and a redundant core network.
- Opportunity Zone Location: The Property sits within a designated federal Opportunity Zone, offering potential tax-advantaged treatment for qualifying purchasers.
- Infill Louisville Location: SW corner of 12th & Oldham, minutes from downtown, in a submarket with tight 1-3 Star vacancy (2.7%) and rising asking rents.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
