StratCap Data Centers, the data center division of privately held, global alternative investment manager StratCap, has acquired a triple-net-leased data center in Jacksonville, Fla.
The 25,600-square-foot facility is fully leased to a major telecommunications carrier and serves as one of the company’s wireless communications switching centers. The facility includes a cell tower and acts as an essential hub for routing voice calls and text messages for the tenant’s customers in the surrounding region.
The existing lease for the property commenced in 2002, and it was recently extended to 2038. In addition, the tenant has invested significant capital to upgrade the building to serve its technical operations and expand its 5G wireless coverage.
“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,” said Bryan Marsh, CEO of StratCap Data Centers.