Data Center in Alpharetta Sold as Part of a $76.9M Deal
- Feb 23, 2015
Alpharetta Data Center II was recently acquired by Carter Validus Mission Critical REIT, Inc. in a transaction worth $76.9 million that also included Landmark Hospital of Savannah, according to a news release. The real estate investment trust picked up the data center in Alpharetta in the fourth quarter of 2014 for the price of $56.7 million and the$20.2 million acquisition of the Savannah health care property took place in January.
The buyer invests in “mission critical” real estate assets located throughout the United States—purpose-built facilities designed to support the most essential operations of tenants. Carter Validus Mission Critical REIT, Inc. focuses its acquisitions of mission critical assets in the data center and healthcare sectors.
Built in 1999, Alpharetta Data Center II is a 165,000-square-foot enterprise data center situated on 14.40 acres in the Alpharetta suburb of Atlanta, in north Fulton County. The facility was designed for 10 MW of total load from redundant utility substations and it can withstand wind speeds of up to 200 MPH. It was built to serve as the primary operations center for a financial services company. It is served by four fiber providers and includes 50,440 square feet of 36-inch raised floor and 59,746 square feet of supporting infrastructure.
The other property included in the transaction, the Landmark Hospital of Savannah encompassing 48,184 square feet, is located in the center of Savannah’s medical community. The three-story Long-Term Acute Care Hospital features 50 single occupancy rooms.
Illustration: Victorgrigas via Wikimedia Commons