Digital Realty Trust, Inc. has completed the acquisition of
"This highly strategic building features large floor-plates, high ceilings, and robust floor loading making it an attractive alternative for customers in the
"The property is currently 85 percent leased to eight tenants with approximately 85 percent of the base rental revenue stream secured by long term leases with two tenants through at least 2024," added Scott Peterson, chief acquisitions officer of Digital Realty. "While there is an attractive value add opportunity in building out and leasing the balance of the available space in the building, we expect to achieve attractive returns based on our conservative underwriting, which assumes the property continues to operate at its current occupancy throughout the investment horizon."
The existing facility delivers approximately 11.7 MW of critical load, with the ability to expand to up to 18 MW. The property is located in the central business district of Dallas, approximately 1.5 miles from Digital Realty's