Assets
Data Center · Secaucus, NJ

Equinix NY5 (Secaucus)

800 Secaucus Road, Secaucus, NJ · Built 1992
Partial
Current value
$520.0M
▲ 6.1% 1-yr (modeled)
Cap rate
6.10%
▲ 110 bps vs 5.00% submarket
NOI · derived
$31.7M
Value $/SF
$2,311
$418.1M$446.3M$474.5M$502.7M$530.9M201920202021202220232024Modeled trajectory — no observed history
sourcedmodeled0 of 6 sourced

Ownership & debt

Ownership graph

Asset → owner → parent → beneficial owner · every edge sourced

Ownership transparency

Recorded chain
Recorded owners
Equinix, Inc.
US-DE · Corporation · Fee simple
Ultimate beneficial owner — as recorded
Equinix, Inc. (NASDAQ: EQIX)
US-DE · Corporation · Beneficial interest
Equinix, Inc. — publicly traded REIT (NASDAQ: EQIX)
US-DE · Corporation · Beneficial interest
Corporate structures from GLEIF LEI Level-1/Level-2 data (CC0, golden copy 2026-07-26). Methodology

Debt

No publicly recorded debt
Debt appears here only when a recorded mortgage, deed of trust or securitization filing names this asset — nothing is inferred from ownership or market norms.
Securitized debt — SEC loan tape
No SEC ABS-EE loan-level filing is matched to this asset. Public loan tapes exist only for SEC-registered CMBS — most large-asset debt is 144A-private, balance-sheet or agency financed and files none.

Underwriting

Assumptions — user inputs, not sourced data: 5-year hold · exit cap +25 bps vs today · 3.0% NOI growth per year.
Assumptions — user inputs, not sourced data
Hold period
Exit cap vs today
+25 bps
NOI growth / yr
3.0%
Unlevered IRR
8.5%
Exit cap
6.35%
Exit value
$578.7M
Exit NOI
$36.7M
Unlevered IRR sensitivity — exit cap Δ × NOI growth
Exit Δ2.0%2.5%3.0%3.5%4.0%
-25 bps9.0%9.5%10.0%10.6%11.1%
0 bps8.2%8.7%9.3%9.8%10.3%
+25 bps7.5%8.0%8.5%9.1%9.6%
+50 bps6.8%7.3%7.8%8.4%8.9%
+75 bps6.1%6.7%7.2%7.7%8.2%
Modeled output — not investment advice. Derived from the assumptions above, not sourced claims.

Provenance footnotes

  1. Current value: Estimated — no sourced claim on file.
  2. Cap rate: Estimated — no sourced claim on file.
  3. NOI: Estimated — no sourced claim on file.
  4. $/SF: Estimated — no sourced claim on file.
  5. GLA: Estimated — no sourced claim on file.
  6. Ownership — Equinix, Inc.: Single source — equinix.com · https://www.equinix.com/data-centers/americas-colocation/united-states-colocation/new-york-data-centers/ny5

Modeled figures — LTV, debt yield, DSCR, cash-on-cash, occupancy, WALT, tenant concentration and every underwriting output are derived arithmetic, not sourced claims. Underwriting outputs follow the assumptions printed in the panel — user-editable inputs, not observations. Not investment advice.

Anchoring begins when the asset enters the live ledger.