StratCap acquires data center in Jacksonville, Florida
StratCap Data Centers, the data center real estate unit of StratCap, an alternative investment management platform, has closed the acquisition of a triple net leased data center in Jacksonville, Florida.
The 25,600sft facility is 100% leased to one of the top telecommunications carriers and serves as its wireless communications switching center.
The Jacksonville data center has a cell tower and serves as an essential hub for routing text messages and voice calls for the telecom carriers’ customers in the neighboring region.
According to StratCap, the property’s existing lease came into effect in 2002, and was extended recently to 2038. Additionally, the telecom carrier is said to have invested significantly in upgrading the Jacksonville data center to serve its technical operations and grow its 5G wireless coverage.
Bryan Marsh — StratCap Data Centers CEO said: “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.
“We think the property is a perfect fit for our overall investment strategy and adds significant value to our overall portfolio.”