Carter Validus Mission Critical REIT II, Inc. Acquires $16.4 Million Data Center
The data center is located in Charlotte, NC.
Carter Validus Mission Critical REIT II, Inc. ("CV Mission Critical REIT II") has acquired the Charlotte Data Center II property on May 15, 2017, for an aggregate purchase price of approximately $16.4 million.
The 100% leased colocation data center is 52,924 rentable square feet and is situated within the Charlotte-Concord-Gastonia NC-SC Metropolitan Statistical Area ("MSA") in what CV Mission Critical REIT II believes to be a desirable location for data center operations due to the site's low energy costs, abundant and reliable power, and ease of accessibility.
“We are pleased to add this data center property to our growing portfolio of data center and healthcare real estate assets. Ideally located and fully leased to a leading global technology company, we believe this investment will translate into added value for our stockholders," said John E. Carter, chief executive officer of CV Mission Critical REIT II.
Michael A. Seton, president of CV Mission Critical REIT II, added, "Given our many accomplishments since inception, our advisor's forward-looking business model, and our ability to continue to execute our proven investment strategy through completing acquisitions such as this, we believe our company is positioned for continued success."