An office and data center owned and occupied by US internet service provider Brightspeed is up for sale in a sale-leaseback deal.
Nusbaum Realty Co. is offering 401-419 West Main Street in Charlottesville as up for sale on an absolute NNN Leaseback basis. The asking price is $14.98 million.
Sat on just over an acre, the two-story building spans 86,150 sq ft (8,005 sqm). Specifications of the data center have not been shared but includes “100 percent redundant generator power.”
Terms of the leaseback deal were not included in the sales brochure.
The site was built in 1949 and expanded in 1971. According to the Virginia Department of Historic Resources, the facility is the former Virginia Telephone and Telegraph Building and was previously used by CenturyLink.
Brightspeed was officially formed in October 2022 after Apollo Global Management acquired the broadband and telecom assets of Lumen Technologies. Abu Dhabi's sovereign wealth fund Mubadala Investment Company is also an investor.
