Carter Funds has acquired a fully leased data center at 3701 E Columbia Street in Tucson for $13 million. Carter will spend a further $8 million on improvements to the property.
The 133,450-square-foot Tucson Tech Data Center building offers 40,790 square feet of raised floor and 6.56MW of capacity. The building was originally built in 1989. The Norton LifeLock data center occupied it beginning in 2004.
The data center is 100 percent leased to TECfusions, a recently founded data center development and operations entity and energy-efficient microgrid developer and operator, on a 15-year absolute triple net lease.
The facility sits on just over eight acres and has expansion capability within the existing structure for an additional 15,000 square feet of raised floor area and 3.0 MW. The property has an on-site power substation expandable to 20MW per Tucson Electric Power.