- April 19, 2019
Carter Validus Mission Critical REIT II Inc. has purchased a pair of data center buildings in Northern Virginia for $85 million, the company has announced.
Combined, the two buildings total 127,796 square feet and are occupied by PaeTex Communications LLC and another telecommunications company. Both buildings are nearly fully leased through 2023 and 2032, respectively.
“We believe this acquisition exemplifies our ability to secure mission critical data centers in strong markets backed by industry-leading tenants under long-term leases,” says Michael Seton, Carter Validus' president.
One of the collocation buildings has two floors, while the PaeTec property is three stories. Both contain special raised flooring and enhanced electric supply equipment and air conditioning systems, according to Carter Validus.
Carter Validus, based in Tampa, is a public, non-traded company that believes it qualifies as a real estate investment trust. It invests primarily in hospitals and other health care-related properties and data storage and other like information centers.