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ANYWHERE DC

THE PATH · DATA CENTER USERS

From reserved MW to energized capacity, gate by gate.

How our sites move from SRL 1 to SRL 5, what each gate means for your deployment schedule, and how pricing and structure compare with the market.

Talk it through with our teamJump to the value estimator →
Paid on resultsConfidential, NDA-firstNationwide

AT A GLANCE

Five steps. Exits at every one.

0

Assess & Control

SRL 0 → 1[weeks]. Timelines depend on the utility, jurisdiction, and site.

Capacity indicators and preliminary site screen.

What happens

  • Review capacity indicators and site control status.
  • Preliminary density, cooling, and fiber screen.
  • Match requirement to pipeline sites at appropriate SRL.

You do

  • Share requirement spec: MW, density, redundancy, markets.

We do

  • Screen sites against your requirement.
  • Document SRL status and energization windows.
  • Recommend sites for NDA review.

Gate to advance

Site matches requirement; NDA executed for detailed review.

Risks we manage

  • Evaluating sites without confirmed power position
  • Latency or fiber constraints
  • Cooling density mismatch

Your exits at this step

Value at this step

Benchmark context for reserved-capacity land basis.

0
1
2
3
4

Illustrative, not to scale.

[$ / MW range, land with reserved capacity]

Internal

Land with reserved capacity

Anywhere DC transaction comps, detail under NDA.

Market comparables, not an appraisal or an offer. Your site's value depends on its location, power, entitlement, and terms.

1

Reserve Power

SRL 1 → 2[months]. Timelines depend on the utility, jurisdiction, and site.Success fee: Capacity Reserved

Reservation terms and contracted ramp.

What happens

  • Reservation terms documented: MW, ramp schedule, collateral.
  • Tariff terms disclosed per site.
  • What 'reserved' does and doesn't mean — contractual scope defined.

You do

  • Review reservation terms and ramp schedule.
  • Approve LOI or commitment structure.

We do

  • Deliver utility reservation documentation.
  • Structure ramp tranches to deployment schedule.
  • Disclose tariff terms and minimum-demand exposure.

Gate to advance

Reservation confirmed; ramp schedule agreed.

Risks we manage

  • Ramp misalignment with deployment
  • Collateral and minimum-demand exposure
  • Reservation scope vs. actual energization path

Your exits at this step

Value at this step

Reserved-capacity land basis — $/MW context.

0
1
2
3
4

Illustrative, not to scale.

[$ / MW range, land with reserved capacity]

Internal

Land with reserved capacity

Anywhere DC transaction comps, detail under NDA.

$100–$150 / kW / month

Reported

Hyperscale lease rates, primary U.S. markets (reserved power basis)

Quoted on reserved critical IT load; structures include power floors and ramp tranches.

Build, Hyperscale Data Center Lease Terms in 2026 · Jun 2026

Market comparables, not an appraisal or an offer. Your site's value depends on its location, power, entitlement, and terms.

2

Deliver Power

SRL 2 → 5[months]. Timelines depend on the utility, jurisdiction, and site.Success fee: Power Delivered

Service design, equipment sequencing, and energization.

What happens

  • Service voltage and configuration documented.
  • Feed/redundancy path confirmed.
  • Transformer and switchgear sequencing tracked.
  • Liquid-cooling provisions where required.
  • SRL 3–4 exit criteria defined; energization window stated per site.

You do

  • Confirm technical requirements and energization date.
  • Approve pre-lease or forward commitment.

We do

  • Coordinate parallel entitlement and utility construction.
  • Track equipment lead times.
  • Deliver energization window and SRL confirmation.

Gate to advance

Energization window confirmed; SRL 5 criteria on track.

Risks we manage

  • Equipment lead-time risk
  • Feed redundancy gaps
  • Liquid-cooling infrastructure timing

Your exits at this step

Parallel paths

Entitlement, easement, and utility construction run at the same time — not one after another.

Entitlements

  • → Zoning
  • → Land use
  • → Permits

Utility

  • → Service design
  • → Equipment
  • → Construction

Site

  • → Easements
  • → ROW
  • → Access

Value at this step

Delivered-power land basis and build-vs-lease reference.

0
1
2
3
4

Illustrative, not to scale.

[$ / MW range, land with delivered power]

Internal

Land with delivered power

Anywhere DC transaction comps, detail under NDA.

$11.3M / MW

Published

Shell & core construction cost (global avg, 2026 forecast)

Shell and core only; tenant tech fit-out excluded.

JLL, 2026 Global Data Center Outlook · 2026

up to $25M / MW

Published

AI tenant tech fit-out, on top of shell

Typically borne by the tenant.

JLL, 2026 Global Data Center Outlook · 2026

Market comparables, not an appraisal or an offer. Your site's value depends on its location, power, entitlement, and terms.

3

Place the User (Lease or Sale)

SRL 5 → 5[months]. Timelines depend on the utility, jurisdiction, and site.Success fee: End User Placed

Lease structure selection and placement.

What happens

  • Structure comparison: NNN powered shell, turnkey wholesale, ground lease + self-build.
  • Power floors, ramp tranches, and escalator terms negotiated.
  • Pricing basis: $/kW/month (reserved) or $/SF as applicable.

You do

  • Select structure and approve lease terms.
  • Confirm MW, term, and ramp schedule.

We do

  • Structure and negotiate lease documentation.
  • Align power floors and ramp to deployment.
  • Support closing and handover.

Gate to advance

Lease or purchase agreement executed.

Risks we manage

  • Power floor exposure below contracted ramp
  • Escalator and pass-through terms
  • Fit-out timing vs. shell delivery

Your exits at this step

Value at this step

$/kW/month benchmarks by structure and requirement size.

0
1
2
3
4

Illustrative, not to scale.

$100–$150 / kW / month

Reported

Hyperscale lease rates, primary U.S. markets (reserved power basis)

Quoted on reserved critical IT load; structures include power floors and ramp tranches.

Build, Hyperscale Data Center Lease Terms in 2026 · Jun 2026

$190–$235 / kW / month

Reported

Asking rates, 250–500 kW requirements, top primary markets

Northern Virginia and Chicago bands; smaller requirements price higher per kW.

Brightlio, Colocation Pricing 2026 · Q1 2026

$205 / kW / month

Published

Avg rate on new/expansion data center leases signed, Q2 2026 (one public operator)

Portfolio of mostly smaller deployments; not hyperscale pricing.

Iron Mountain Q2 2026 Supplemental (SEC Form 8-K) · Q2 2026

+8.3%

Published

H1 2026 rent growth, 3–10 MW requirements (primary markets)

Asking-rate change; 10+ MW rose 6.7%.

CBRE, North America Data Center Trends H1 2026 · H1 2026

Market comparables, not an appraisal or an offer. Your site's value depends on its location, power, entitlement, and terms.

4

Realize & Hold

SRL 5 → 5Ongoing

Operating phase, expansion, and recapitalization.

What happens

  • Facility operates under executed lease or ownership structure.
  • Expansion rights documented where applicable.
  • Sale-leaseback context for stabilized assets.

You do

  • Operate per lease terms.
  • Exercise expansion rights as needed.

We do

  • Support expansion planning on retained sites.
  • Advise on sale-leaseback structures.

Gate to advance

Stabilized operations or expansion path defined.

Risks we manage

  • Expansion timing vs. utility capacity
  • Lease rollover
  • Technology refresh cycles

Your exits at this step

Value at this step

Stabilized asset trade context.

0
1
2
3
4

Illustrative, not to scale.

≈ $12.0M / MW

Derived

Recent stabilized facility trade (72 MW for ~$860.6M)

$860.6M ÷ 72 MW. A single transaction, not a market average.

Capright, Data Center Market Update, Sept 2026 · Sep 2026

Market comparables, not an appraisal or an offer. Your site's value depends on its location, power, entitlement, and terms.

EXIT MATRIX

Your options by step

StepHoldSellPartner / JVLease
1Monitor pipeline for better timing—Early LOI or ROFO—
2Await energization window—Forward commitmentPre-lease or ground lease + self-build
3Operate under lease—JV on shellNNN / turnkey / BTS
4Long-term operations—Expansion rightsSale-leaseback context

Price a requirement.

Illustrative estimator. Not an appraisal, offer, or projection of returns.

Site-specific ranges are shared in your briefing.

Internal transaction comps are required before this estimator can show numbers.

Talk it through with our team

Values shown are market comparables and illustrative ranges from cited third-party sources and Anywhere DC transaction experience. They are not an appraisal, an offer, a projection of returns, or investment advice. Actual outcomes depend on site, utility, jurisdiction, market conditions, and negotiated terms. Utility capacity and timelines are determined by utilities and are not guaranteed.

YOUR MEETING

What we'll cover in your meeting

  • Your requirement (MW, density, workload, redundancy).
  • Markets and latency.
  • Energization window.
  • Matching sites at SRL ≥ 2.
  • NDA and site briefs.

What to bring

  • Requirement spec
  • Target markets
  • Required date
  • Structure preference

Frequently asked questions

What does reserved mean contractually?
Reserved means the utility has confirmed capacity set aside for the site subject to its tariff, collateral, and construction requirements. It is not energization — that comes at Step 2.
Can MW be phased?
Yes. Reservation and lease structures typically include ramp tranches aligned to your deployment schedule and contracted demand.
Who bears tariff minimums?
Tariff minimum-demand and collateral terms are disclosed per site. Structure varies by utility and deal type — we document them in the site brief.
Can we see single-lines before NDA?
No. Single-lines and utility correspondence are available after mutual NDA execution.
Do you support modular deployments?
Yes. We evaluate modular and edge formats where site density, cooling, and power configuration support them.
How do fees work for occupiers?
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About you

Values shown are market comparables and illustrative ranges from cited third-party sources and Anywhere DC transaction experience. They are not an appraisal, an offer, a projection of returns, or investment advice. Actual outcomes depend on site, utility, jurisdiction, market conditions, and negotiated terms. Utility capacity and timelines are determined by utilities and are not guaranteed.

Start with a confidential briefing.

Thirty minutes. No obligation. Detail under NDA when you're ready.

Request a BriefingRequest an NDA