Centeris SH1 Data Center 1023 39th Ave SE 277,605 SF 100% Leased Industrial Building Puyallup, WA 98374 For Sale

Site Selection Group and Bang Realty are representing the ownership for South Hill Business + Technology Center, offering a rare opportunity to acquire a premier 86-acre campus in the Greater Seattle Region, featuring a Tier III-designed, 24MW Critical 100% leased Data Center, two Class A office buildings, with over 25 Acres for future data center expansion. Ownership will consider selling the SH-1 Data Center and Office Buildings with related expansion land in separate transactions.
Ownership has spent nearly $200 Million over the past 18 months to expand the Data Center to 24 MWs of Critical Load including liquid-cooled racks for high-density, AI and cloud users, along with other campus upgrades.
HIGHLIGHTS:
On-site PSE utility substation along with potential for additional power (especially BTM via 30" natural gas pipeline) can be brought to the Campus
25+ acres of land available for expansion with favorable zoning for data centers
Long-term excellent credit wholesale and retail colocation tenants in place
Economic Incentives in place and available
Carrier Neutral Fiber Connectivity with multiple providers to both the Westin Exchange (Seattle CBD) and Pittock Block (Portland)
Designed for High Performance Computing (HPC) and major AI workloads
The Greater Seattle Region is one of the Top 10 Data Center markets in the US. The South Hill Campus and existing Centeris SH-1 Data Center represents a unique opportunity being one of the largest existing data centers with the ability to expand capacity in a severely constrained power region! Large Data Room available for interested parties upon MDNA execution.
Total Existing Properties: 635,000 SF
o 24 MW Critical IT Tier III LEED Gold Data Center: 277,000 SF, 100% Leased to AI, Enterprise and Cloud companies
o Class A West Building: 180,112 SF AVG WALT of 5+ years
o Class A South Building: 178,193 SF AVG WALT of 15+ years