Carter Validus Mission Critical REIT II, Inc., a publicly registered non-traded real estate investment trust, purchased a 288,000-square-foot building housing the AT&T Hawthorne Data Center for approximately $79.5 million.
The single-story data center is located on a 15.87-acre site in Hawthorne, California in Los Angeles County. The site is surrounded by an 8-foot iron fence with guarded gates on the east and west ends of the property. Security features include 24-hour on-site security staff, closed circuit monitors, secure key-card access, biometrics scanner, a mantrap, and alarmed doors.
“The acquisition of the AT&T Hawthorne Data Center represents an opportunity to invest in a mission critical property with a strong brand affiliation,” said Michael A. Seton, President of CVMC REIT II. “We strive to be a true capital partner for our tenants and are excited to expand our already important relationship with AT&T Corporation by adding this high-quality data center to our growing portfolio.”
The REIT will assume the existing absolute net lease with AT&T Corporation.
Carter Validus Mission Critical REIT II, which went effective in May 2