Property: 100 MW Grid-Powered Industrial/Data Center Site – Ohio AEP Territory

Asking Price: $120,000,000 (Outright Sale – Land + Interconnection Rights)

Overview

‍Prime 100 MW grid-powered development site in central/southern Ohio (AEP Ohio service territory, PJM Interconnection), fully entitled and interconnection-ready for high-load users such as hyperscale data centers, AI compute facilities, or crypto/mining operations. The site offers exceptional power economics with an all-in delivered cost averaging ~3.0¢/kWh (including energy, capacity, transmission, and distribution elements under optimized large-load tariffs and current PJM market dynamics). Positioned amid surging regional demand from tech giants and industrial electrification, this turnkey opportunity provides immediate scalability in one of the Midwest's most attractive power markets.

Key Specifications

• Firm Power Capacity: 100 MW (scalable to 150+ MW with minor upgrades; existing interconnection queue position or approved POI)
• Utility/Interconnection: American Electric Power (AEP Ohio) – direct grid tie at transmission level (138/345 kV capable); full PJM market access for energy/ancillaries
• Power Economics: All-in delivered cost ~3.0¢/kWh (blended wholesale energy ~1.5–2.0¢/kWh base + capacity/transmission/distribution pass-throughs optimized for large users; leverages AEP's data center tariff structures minimizing stranded costs and offering competitive rates vs. national averages)
• Site Details: ~200–300 acres (expandable), flat/topography-ideal land with cleared/graded portions; zoned industrial/heavy power use; fiber optic backbone proximity
• Infrastructure Readiness: Substation upgrades planned/completed for 100 MW+ load; redundant feeds available; water/sewer access; environmental Phase I/II complete; no major wetlands/permitting hurdles
• Location Advantages: Central Ohio logistics hub (near major interstates, rail); low natural disaster risk; proximity to talent pools (Columbus metro); supportive state incentives (Ohio Data Center Tax Abatement, JobsOhio grants)
• Load Profile Suitability: Designed for 24/7 baseload/high-density compute; supports AI training, cloud services, or manufacturing electrification

Financial & Market Position

• Power Cost Edge: At ~3¢/kWh all-in, this site delivers among the lowest effective rates in PJM for committed large loads—far below residential/commercial averages (10–16¢/kWh) and competitive with Texas/Georgia hubs. Recent PJM capacity dynamics and AEP's large-user tariffs shield qualified projects from full pass-through spikes.
• Revenue Potential: Ideal for data center colo/hyperscale lease-up; projected IRR attractive with power as primary cost driver.
• Comparable Value: Recent Ohio data center land deals (e.g., multi-hundred acre parcels at $7–$100M+ for 100–500 MW potential) and AEP-area transactions reflect premiums for grid-ready sites amid AI boom. New substation builds alone exceed $50–$100M; this site bypasses years of queue/permitting delays.

Why This Represents Premium Value

‍At ~$1.2M/MW equivalent (land + interconnection premium), pricing reflects scarcity of 100 MW-scale, AEP-interconnected sites with sub-4¢/kWh economics. Replacement cost for similar readiness (land acquisition, interconnection studies, substation contribution) exceeds $150–$200M in today's market. Seller motivated for quick close to capitalize on 2026–2028 data center wave.

Sale Terms

• Outright fee simple sale preferred (land + assignable interconnection rights/agreements)
• Due diligence package available upon NDA (includes interconnection studies, tariff modeling, site surveys, environmental reports, AEP correspondence)
• Potential seller financing or JV structures for qualified buyers
• No brokers unless registered