Strategic Capital Fund Management and its affiliate, Strategic Data Center Fund Manager, have announced the acquisition of a data center property for approximately $3 million.
Located northeast of Baltimore’s city center, the Baltimore Data Center is ideally situated along a major fiber route and located adjacent to the I-95 Philadelphia-Baltimore-Washington, D.C., corridor. The building’s single tenant, one of the largest telecommunications companies in the United States, has occupied 100 percent of the roughly 9,500-square-foot building for approximately 30 years and operates a critical central office and networking switch at the property to support its business operations.
“We believe securing an asset like this, along with a 30-year tenant that has more than $130 billion in annual revenues and a BBB+ S&P rating, enhances our growing portfolio of essential data center assets,” stated Bryan Marsh, CEO of Strategic Data Center.
Built in 1989 to spec