Investment firm StratCap has acquired a data centre in Jacksonville, Florida.
The company announced hat its data centre real estate division, StratCap Data Centers, had completed the acquisition of a triple net leased data centre.
The 25,600 square foot (2,400 sqm) facility is fully leased to a 'major telecommunications carrier' and serves as one of the company’s wireless communications switching centres and includes a cell tower. 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 for the property commenced in 2002, and it was recently extended to 2038. In addition, the tenant has 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,” stated Bryan Marsh, CEO of StratCap Data Centers. He continued, “We think the property is a perfect fit for our overall investment strategy and adds significant value to our overall portfolio.”
Investing in data centres
Founded in 2009, Strategic Capital rebranded to StratCap earlier this year. The company has previously invested in data centers through a number of funds and vehicles. StratCap’s Strategic Data Center Fund Manager in January acquired an Expedient-occupied data center in Denver, Colorado from Chirisa.
Last year StratCap set up Strategic Datasphere in September with a plan to spend US$1.5bn on data centres. Last month Datasphere acquired a 3MW data centre in Cleveland, Ohio, leased to PNC Bank, having bought an E*Trade-occupied data centre in Georgia earlier this year.