Carter Funds, a leading investment firm, has recently acquired a state-of-the-art data center located at 3701 E Columbia Street in Tucson. The property was purchased for $13 million and will undergo an additional $8 million in renovations.
This impressive facility spans over 133,450 square feet and features 40,790 square feet of raised floor space with a capacity of 6.56MW. Originally built in 1989, the building was previously occupied by Norton LifeLock before being leased to TECfusions on an absolute triple net lease for the next fifteen years.
Situated on eight acres of land with room for expansion within its existing structure up to an additional 15,000 square feet and capacity of up to3.0 MW,the property also boasts its own power substation that can be expanded up to20MW through Tucson Electric Power.
The acquisition marks another successful investment by Carter Funds as they continue their growth strategy within the commercial real estate market.
