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Two data center properties in Rancho Cordova have sold to the same buyer for more than $50 million.
According to property records, Tampa, Florida-based real estate investment firm Carter Validus bought 11085 Sun Center Drive for $36.8 million and 3065 Gold Camp Drive for $14.2 million, both within the last month.
Representatives of Carter Validus did not return calls seeking comment. The company’s website states that it sponsors real estate investment trusts that own data centers and health care facilities across the country.
According to the Sacramento County Assessor’s Office, 3065 Gold Camp Drive is a single-story, 62,957-square-foot building built in 1984. The single-story building at 11085 Sun Center Drive, less than a mile to the north, is 69,048 square feet and was built in 1982.
Large data center buildings in Rancho Cordova became attractive assets in the early 1990s, when Bay Area firms sought them for backup data storage after the 1989 Loma Prieta earthquake.
Since 2010, Carter Validus has started two REITs containing more than $3.6 billion in acquired properties, according to its website. Those properties total about 11 million square feet.