Objektbeschreibung
Jones Lang LaSalle Americas, Inc., ("JLL"), as an exclusive advisor is pleased to present the opportunity to acquire 460 Oakmead Parkway ("460 Oakmead" or the "Property"), a one-story, 29,368 square foot network switch data center located in Sunnyvale, California. Situated on a 2.0 acre site, 460 Oakmead is 100% leased to Verizon Access Transmission Services ("Verizon" S&P: BBB+) for 7.0 years through May 2031.
Verizon has occupied the Property since 1996, and it operates as a local hub facility, serving as the connection point for other Verizon facilities in the Bay Area. Given its long-standing occupancy at the Property, Verizon has invested a considerable amount of capital expenditure in the space on structural upgrades that support its operations. Verizon’s mission-critical operations at 460 Oakmead and capital investment have resulted in a highly redundant switching facility built for resiliency and underscore the stickiness of Verizon's tenancy.
460 Oakmead offers investors the rare opportunity to acquire a Verizon-leased, network switch data center asset with strong in-place infrastructure in one of the world's top performing submarkets.
Eigenschaften
Medien
Investment-Highlights
- OPPORTUNITY TO ACQUIRE A CREDIT-LEASED NETWORK SWITCH DATA CENTER SITUATED ON 2.0 ACRES IN SUNNYVALE
- MISSION CRITICAL ASSET WITH HIGHLY REDUNDANT INFRASTRUCTURE
- VERIZON HAS BEEN IN OCCUPANCY SINCE 1996 AND HAS MADE SUBSTANTIAL UPGRADES INCLUDING A RECENT HVAC UPGRADE
- 7.0 YEARS OF LEASE TERM REMAINING WITH VERIZON (S&P: BBB+)
- IDEALLY POSITIONED AMONG SUNNYVALE'S NETWORK INFRASTRUCTURE, ENABLING OPTIMAL CONNECTIVITY AND PERFORMANCE
- LOCATED IN A FLOURISHING SUBMARKET PROXIMATE TO A DIVERSE TENANT BASE AND MAJOR THOROUGHFARES
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