The property, which serves as a data center and broadcast facility for DirecTV, was sold by DirecTV to GI Partners’ Essential Tech + Science Fund for $211 million through a 15-year sale-leaseback transaction. The site is situated on a 13.3-acre parcel of land located at the southwest corner of Culver Boulevard and McConnell Avenue in West Los Angeles.
The gross leasable area (GLA) of the property is 296,000 square feet. Out of this, 211,000 square feet is occupied by a building, with approximately half being used as a data center and the other half serving as broadcast/office space dedicated to DirecTV.
The data center building is powered by four, 5,000-ampere mains with 480 volt capacity and 4,800 kilowatts. Additionally, this property includes an 85,000 square foot satellite field that is adjacent to the southwest corner of the data center building.
Constructed in 1968 and renovated in 1998 and 1999, this data center and broadcast facility has underwritten revenues of $13.5 million and underwritten net operating income (NOI) of $13.4 million.