Carter Validus Mission Critical REIT II, Inc. announced the acquisition of a Atlanta data center property.

CVMC REIT II acquired the Alpharetta Data Center III property on February 2, 2016 for approximately $15,750,000.

ADC III is a single-story, 77,322 square foot Tier III colocation data center situated in Alpharetta, Georgia, located within 1,500 feet of the Georgia Power substation property. The ADC III facility is 100% leased to Sungard Availability Services, LP, a leading provider of information availability through managed IT, cloud and recovery services based in Wayne, Pennsylvania. From the time when ADC III was originally built in 1999, Sungard Availability Services, LP has invested in core infrastructure improvements as well as utilities, mechanical, and electrical system upgrades. Two new diesel generators and accompanying underground fuel storage tanks were added to the four previously existing generators and USTs in 2013-2014, and the data center facility has an N+1 level of redundancy for electrical systems and cooling systems. The building improvement is designed with large column spacing allowing for flexible floor layouts and has approximately 46,000 square feet of raised floor space.

“We are extremely pleased with our pace of acquisitions in the CVMC REIT II platform. The acquisition of these properties are representative of our commitment to making mission critical investments into the CVMC REIT II portfolio and continuing to deliver on our promises to shareholders," said John Carter, Chief Executive Officer of CVMC REIT II.