CV Acquires Charlotte Data Center for $16M

The asset features a desirable location for data center operations, due to the site’s low energy costs, abundant and reliable power and ease of accessibility.

1400 Cross Beam Drive
1400 Cross Beam Drive

Carter Validus Mission Critical REIT II Inc. acquired Charlotte Data Center II for an aggregate purchase price of $16.4 million. At the time of the sale, the 52,924-rentable-square-foot colocation facility was 100 percent leased by Atos. Previously, Xerox was a tenant as well.

The property is situated at 1400 Cross Beam Drive. The asset features a desirable location for data center operations, due to the site’s low energy costs, abundant and reliable power and ease of accessibility.

“Ideally located and fully leased to a leading global technology company, we believe this investment will translate into added value for our stockholders,” John Carter, CEO of CV Mission Critical REIT II, said in a prepared statement.

Most recently, the trust bought Connecticut’s largest data center facility for roughly $58.9 million, along with four additional healthcare properties.

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