A hyperscale model should account for rent in $/kW/mo, MW, and ramp, alongside live sensitivity and phased capex. A PSF-only view can leave these power-related inputs out of the analysis.
The PSF gap at 30MW+
At a typical 32MW deal, the estimate is $1.92M/year per $5/kW/mo. At 100MW, the estimate is ~$6M/year. This could be a valuation miss, not just a rounding error; generic CRE software may force that miss.
Five parts of a power-aware model
- Lease: $/kW/mo, term, escalations, and TCV.
- Schedule: Contracted, ramped, and billed MW by month.
- Construction: Phased shell, MEP, and expansion tied to MW delivery and invested capital.
- Operations: Tenant-mix-aware opex for hyperscale, GPU, and retail colo.
- Returns: IRR/EM and waterfall that update when a lever changes.
DIJASOFT is built for digital infrastructure investments rather than retrofitted office. See Data Center Investment Management Software for the buyer guide.
*Related: Hyperscale: The $/kW Mistake · Data Center Development Pro Forma Template*