Carter Validus Mission Critical REIT II Inc., a publicly registered non-traded real estate investment trust, purchased a 53,000-square-foot data center in Charlotte North Carolina for approximately $16.4 million.
Built in 1989 and renovated in 2016, the Charlotte Data Center II property is 100 percent leased to Atos IT Solutions and Services Inc., an information technology services firm that provides consulting, systems integration, and IT management, according to a filing with the Securities and Exchange Commission.
The REIT noted that the property’s location within the Charlotte-Concord-Gastonia NC-SC Metropolitan Statistical Area is desirable 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 Carter, chief executive officer of CV Mission Critical REIT II.
Carter Validus Mission Critical REIT II, which invests in net leased data center and healthcare assets, went effective in May 2014 and has raised $937.1 million in investor equity since inception. The REIT’s portfolio is comprised of 58 properties (17 data center and 41 healthcare properties) for a total purchase price of approximately $1.2 billion.