Updated Dec 4, 2024
Carter Funds Acquires Fully Leased Data Center In Tucson For $13M
3701 East Columbia Street
$13,000,000
$97/SF
Building Size
133,450 SF
Asset Type
Industrial
Closing
Nov 9, 2023
About this deal
AI
Carter Funds has acquired a fully leased data center located at 3701 East Columbia Street in Tucson, AZ. The property was purchased for a total sale price of $13,000,000. With a total square footage of 133,450, the price per square foot is $97.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $13,000,000
- Square Footage: 133,450
- Price Per Square Foot: $97
- Date: 11/09/2023
- Market: Tucson, AZ
John Carter, representing Carter Funds, played a key role in this transaction as the buyer. The purchase of the fully leased data center is part of Carter Funds' strategic investment plans. In addition to the acquisition, they also plan to invest an additional $8 million in property improvements.
On the Map
$13,000,000
$97/SF
Industrial
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Players
Tucson Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93