January 2024
Recently Sold – DIRECTV Data Center Portfolio
Thomas Company is pleased to announce the successful sale of two DIRECTV data center uplink and broadcasting facilities, strategically located in Englewood, Colorado (Denver MSA) and Bakersfield, California. These assets include over 24,000 square feet of space situated on more than 17 acres of land, with a remaining lease term of 20 years under an absolute triple net lease structure, and no landlord responsibilities. The combined list price for these properties was approximately $14 million.
Key Highlights
- These uplink facilities are mission-critical sites for DIRECTV’s day-to-day operations and are a part of the technical core of DIRECTV, housing critical infrastructure that makes broadcast signals viable. These sites are used to send broadcast signals to DIRECTV satellites in orbit.
- Brand new 20-year absolute triple net leases with no landlord responsibilities and 3% annual escalations provide an excellent opportunity for an investor looking for passive, cash-flowing investments.
- DIRECTV is a leading provider of satellite television services in the United States with over 14 million subscribers. DIRECTV offers a comprehensive television service with a wide range of channels, sports coverage, and features that cater to the diverse preferences of its subscribers.
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Recently Sold – Verizon Wireless, Christiansburg, VA
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