Skip to content

StratCap Buys Florida Data Center, Surpasses $150 Million in Digital Infrastructure Acquisitions

StratCap has purchased a triple net leased data center in Jacksonville, Florida.

StratCap, a privately held alternative investment management platform, reported that its data center real estate division, StratCap Data Centers, has purchased a triple net leased data center in Jacksonville, Florida. The company has purchased approximately $151 million of essential digital infrastructure assets since the beginning of 2022.

The 25,600-square-foot Jacksonville facility is fully leased to “a major telecommunications carrier” and serves as one of its wireless communications switching centers. The facility includes a cell tower and acts as an essential hub for routing voice calls and text messages for the tenant’s customers in the surrounding region.

The existing lease commenced in 2002 and was recently extended to 2038. In addition, StratCap said that the tenant invested “significant capital” to upgrade the building to serve its technical operations and expand its 5G wireless coverage.

“This was an off-market, relationship-driven opportunity to invest in a mission critical asset with a high-quality tenant and nearly 16 years of lease term remaining,” said Bryan Marsh, chief executive officer of StratCap Data Centers. “We think the property is a perfect fit for our overall investment strategy and adds significant value to our overall portfolio.”

In addition, StratCap reported that its wireless infrastructure and data center divisions, StratCap Wireless and StratCap Data Centers, have purchased approximately $151 million of digital infrastructure assets since the beginning of 2022.

The acquisitions include 18 cell towers that were purchased for approximately $30.3 million and located in California, Oklahoma, Kansas, Georgia, Florida, Tennessee, and Connecticut. The firm also closed on four data centers that were acquired for a total purchase price of approximately $120.9 million. The cell towers and other related assets are geographically diverse with tenants that include Verizon, AT&T and T-Mobile, among others.

The data center assets are located in the Jacksonville, Cleveland, Denver, and Atlanta metropolitan areas. Three of the properties are fully leased with in-place cash flows, while one is partially leased and was specifically purchased for its value-add enhancement opportunity, the company said.

“We think digital infrastructure is one of the most compelling and resilient real estate sectors in the market right now,” said Pat Miller, managing partner of StratCap. “We continue to expand our footprint in the space, and we believe the sector has a long growth runway ahead.”

StratCap is a privately held, global alternative investment management platform that focuses on a range of digital economy investments with an emphasis on digital infrastructure, sustainability, and technology-centric sectors.​

For more StratCap news, please visit their directory page.