(WEB HOST INDUSTRY REVIEW) — Data center operator Digital Realty Trust (www.digitalrealtytrust.com) announced on Wednesday it has acquired two fully leased data center facilities, 1350 Duane Avenue, and 3080 Raymond Street, in Santa Clara, California for a total of $90.5 million.
Although Digital Realty did not disclose the name of the seller, previously published reports show that the two properties, which are located beside one another, originally belonged to Inland Western Retail Real Estate Trust.
The data center real estate firm purchased these buildings about four years ago.
“This acquisition illustrates the continued execution of our strategy to grow FFO by investing in income producing facilities at attractive risk-adjusted returns,” says Scott Peterson, senior vice president of acquisitions for Digital Realty Trust. “The buildings are strategically located near our existing Santa Clara facilities and should benefit from our operational efficiencies. They are situated on a 5.56 acre site across from a Silicon Valley Power substation with 17.2 MVA of current power capacity expandable to 22.5 MVA.”
The larger building, 1350 Duane Avenue, consists of 160,000 square feet of improved data center space. The entire building is leased on a triple net basis to a major telecommunications firm, who in 2004, subleased the building to a colocation and IT services provider.
The second property, 3080 Raymond Avenue, spans 25,000 square feet. The facility is leased on a triple net basis to a local provider of Internet services and applications to business throughout California.
Digital Realty Trust turn-key data centers support mission critical infrastructure, with advanced cooling, power, redundancy, and sustainability features to ensure that critical applications are available while optimizing energy efficiency.
The facilities are scalable from hundreds of kilowatts of IT load to megawatts of IT load, and are located in markets throughout North America and Europe. Each data center is physically secure and features a state-of-the-art power and cooling architecture that has been optimized for green operation.
Each data center is built using the company’s proprietary POD Architecture and uses metered power to ensure that clients pay only for the power that they use.
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