Strategic Capital Fund Management Acquires Triple Net Leased Data Center

Strategic Capital Fund Management’s data center real estate division, Strategic Data Center Fund Manager, has completed its acquisition of a triple-net leased center from Chirisa Investments for approximately $13.5 million. The center is in the Denver metropolitan area. 

The 32,000 square foot facility was built in 1999 and is 100% leased to a multicloud and managed service provider. The tenant has indicated that it plans to spend more than $4 million on capital improvements. This will include $2.5 million to upgrade the center’s critical capacity to meet the criteria of a Tier III center. 

Strategic Data Center’s Bryan Marsh

The tenant has 14 data centers across the U.S. Its colocation and cloud service infrastructure platform serves businesses of all sizes with their IT investments while moving to the cloud.

“We believe securing a triple-net leased asset with stable, in-place cash flow from an established IT service provider enhances our growing portfolio of essential data center assets,” said Bryan Marsh, CEO of Strategic Data Center. “By acquiring this 15-year leased asset, we will increase our portfolio’s weighted average lease term from 7.7 years to 9.9 years and expand its geographic diversification.”