StratCap Expands Data Center Portfolio with Acquisition of Two US Facilities

StratCap, a privately held investment firm, has acquired two data centers in the United States. The data centers, located in California and Missouri, were purchased for an undisclosed amount. StratCap acquired in Santa Clara, California, a purpose-built data center that is 100 percent leased to a "top-tier wireless carrier" and functions as a network switch facility. Additionally, the company acquired a newly constructed data center in St. Louis, Missouri that is fully leased to 'two high credit quality tenants.' Despite the fact that the company did not provide additional information, a StratCap video of the Santa Clara facility identifies it as 3205 Bassett Street. The approximately 33,250 square-foot, two-story structure was constructed in 2002. According to a Q1 2023 CBRE report, the property was purchased for $13.3 million.

Similarly, a StratCap video on the St. Louis facility suggests that it is likely TierPoint's Maryland Heights facility at 2315 Millpark Drive. The Tier III-quality, 23,000-square-foot facility, announced in September 2021 and completed in August 2022, features 14,500 square feet of production or raised floor space. World Wide Technology (WWT), a global provider of technology solutions with headquarters in St. Louis, has signed on as the facility's anchor tenant. StratCap's acquisition of the data centers reflects the growing demand for data center services, as more companies move towards cloud-based solutions. With the acquisition, StratCap is well-positioned to capitalize on this trend and provide high-quality services to its clients. Overall, the acquisition of the two data centers marks an important step in StratCap's growth strategy, and the company is committed to providing its clients with best-in-class data center services.