Carter Validus Mission Critical REIT II, Inc. Acquires First Data Center Property in $7.5 Million Sale-Leaseback
The Indianapolis data center was purchased and leased back to Online Tech, Inc.
Carter Validus Mission Critical REIT II, Inc. (“CVMC REIT II”), purchased its first data center property, the Indianapolis Data Center (the “IDC”), on April 1, 2015. The $7.5 million data center was purchased from and leased back to Online Tech, Inc., which provides secure and compliant enterprise cloud and colocation hosting services and operates five data centers in the Midwest.
The IDC is located in Indianapolis. It is a 43,724 sq-ft hosting facility supporting 3 megawatts of electrical load and is resiliently powered by two independent utility feeds. The data center accesses a high concentration of fiber optics and is in an ideal location for secure cloud computing providers given the area’s diverse economic base, cool climate, and low risk of natural disasters.