A data center occupied by a cloud and eCommerce company is up for sale in Hayward, California.
Colliers is offering 26415 Corporate Avenue as a triple net (NNN) investment. A listing price isn’t included.
Built in 2016 and sat on 4.2 acres, the two-story facility offers 25MW across 145,850 sq ft (13,550 sqm).
The facility is 100 percent leased to an “investment grade leading cloud service provider” that is also a “global leader in eCommerce.” The company has three years remaining on its current lease, with four 5-year renewable options.
The sales brochure notes the property’s “below market rent” could provide “significant upside should the current tenant not exercise its existing renewable options.”
The facility was acquired as a joint venture between Prime Data Centers and Harrison Street. Most references to the facility have been removed from the Prime's website.
DCD has reached out to Prime for more information.
Update: A Prime spokesperson told DCD: "The project is currently a joint venture between Prime and Harrison Street. The facility was built in 2016 and both parties feel that current market dynamics and timing are ideal for delivering maximum value to prospective buyers and the sellers."
Prime declined to comment confirm the customer at the site.
Original story resumes:
Hayward Property Co. LLC sold the site for $34.975 million to Hayward DC Building LLC in late 2018.
Amazon is known to be leasing other data centers in Hayward.