On October 3, 2018, the Company acquired the Canton Data Center for approximately $9.4 million excluding acquisition fees and costs. The facility is a colocation data center delivering 1.5 Megawatts of existing capacity expandable to 3.0 Megawatts. Located in Canton, Ohio, the data center is situated on 1.83 acres and contains a two-story building consisting of 29,960 rentable square feet.
Canton is the principal city in the Canton-Massillon, Ohio metropolitan statistical area and is considered a good location for data centers given the area’s robust and inexpensive power grid and low cost of energy. The Canton Data Center is 100 percent leased by Data 4726, LLC dba Secure Data 365 a colocation data center operator providing managed hosting, virtual computing, business continuity, backup and storage solutions.
Michael A. Seton, Chief Executive Officer and President of the Company, commented, “The Canton Data Center will further strengthen our data center presence in the Midwest and continue to expand our data center portfolio geographic footprint.” Source: businesswire.com