304 Progress Cir, Cheyenne, WY

Others for Sale - $1,400,000 - 8,580 Sq. Ft.


Agent Info

Mariah Jeffery
Coldwell Banker Commercial The Property Exchange

Property Info

CIMLS#1182701
Location
  304 Progress Cir
  Cheyenne WY 82007
UpdatedOctober 15th, 2025
TypeOthers
Price$1,400,000
Building8,580 Sq. Ft.

Property Description

Seize this rare opportunity to acquire a high-quality, single-tenant NNN data center leased to Lunavi, a reputable cloud and infrastructure provider with 18 years at the site and a fresh 5-year lease extension (plus two 5-year options). Situated in Cheyenne's thriving south side‹”anchored by Microsoft's cloud facility and the groundbreaking $1.2B Related Digital hyperscale campus‹”this 1.2 MW, 8,580 SF facility delivers stable, low-maintenance income at a 7.7% cap rate. Leveraging Wyoming's renewable energy strengths, this facility serves an essential role in providing dependable, appropriately scaled infrastructure during the AI boom, delivering strong returns with hands-off management. In a world of massive hyperscale campuses, this size appeals to tenants like regional MSPs, edge computing providers, and specialized colocation operators who value quick scalability, lower entry costs, and tailored proximity to local enterprise clients over vast volume. This is a low-maintenance, high-yield investment in a growing market. While the trend in the data center market is often dominated by news of massive, multi-hundred-megawatt "hyperscale" campuses, a facility with a 1.2 megawatt (MW) capacity occupies a crucial and highly viable niche, an attractive option for several distinct types of tenants who prioritize reliability and right-sized infrastructure over massive scale. Don't miss out on this turnkey data center with a committed tenant and strong upside potential.


Financials


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