Raleigh Data Center Sold for $136/SF


Carter Validus Mission Critical REIT has purchased a data center property in Raleigh, North Carolina, for US$19.5m. The multi-tenant facility is located near Raleigh-Durham International Airport in Morrisville, N.C.

The data center, originally constructed in 1997, is 100% occupied by four tenants. The purpose-built facility is situated on 12.26 acres and totals 143,770 sq ft.

John Carter, CEO of Carter Validus, said, “Given the property’s desirable location and long term leases with high-quality tenants, we believe that the Raleigh Data Center is a great addition to our growing portfolio of mission critical real estate.”

One of the facility’s tenants is data center services provider Peak 10, according to Charlotte Business Journal.


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