Carter Validus Mission Critical REIT II, Inc. Completes $64.47 Million in Data Center and Healthcare Acquisitions
July 11, 2018 | Business Wire | Houston Business Journal
Carter Validus Mission Critical REIT II, Inc. (“the Company”), announced today that it recently made two acquisitions consisting of a Silicon Valley data center and a specialty hospital for an aggregate purchase price of $64.47 million.
San Jose Data Center
On June 13, 2018, the Company acquired the San Jose Data Center comprised of enterprise and colocation space located in San Jose, California, for a contract purchase price of $49.15 million, excluding acquisition fees and costs.
Built in 1999 and renovated in 2005, the San Jose Data Center consists of 76,410 rentable square feet situated on 4.22 acres. The facility is 100% leased to a leading telecommunications company with a remaining lease term of 7.22 years. The two-story building is constructed of concrete and steel frame with aluminum and glass accents supported by cooling infrastructure and high efficiency utility and clean-power sources. San Jose is in the heart of Silicon Valley, the second largest data center market in the U.S.
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