Carter Validus Acquires $19.9M Data Center Property Near St. Paul
MINNETONKA, MINN. — Carter Validus Mission Critical (CVMC) REIT II Inc. has acquired its third data center property for $19.9 million from an undisclosed seller. The property has 135,000 square feet for rent and is comprised of three buildings located on 15.5 acres close to St. Paul.
The data center property is a tier II carrier grade facility that offers three megawatts of UPS infrastructure in the main building, 1.25 megawatts of UPS infrastructure in the secondary building and houses a research lab and office space in the third building.
The property is 100 percent leased. Tenants include TW Telecom of Minnesota LLC and Uroplasty LLC.
Carter Validus Mission Critical REIT II Inc. is a public non-traded company. CVMC REIT II Inc. intends to focus its acquisitions on assets in the data center and healthcare sectors.