255 Caspian Drive
255 Caspian Drive is a Tier-III single-tenant data center facility located in Sunnyvale, California, in the heart of Silicon Valley—one of the country’s leading data center markets with limited supply.
Investment Details
Transaction Details
Investment Details
Transaction Details
Asset Highlights
119,756 square foot powered shell facility supports 6.5MW of critical IT capacity, with N+1 redundant power systems designed to reduce single-point-of-failure risk.
Features 4.4% annual rental rate increases and a net lease structure intended to provide contractual growing cash flows and inflation protection.
100% leased on a net lease basis to a digital infrastructure provider with a market capitalization of over $80 billion, for a remaining term of approximately 9 years on a fully extended basis.
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