Half a dozen telecommunications data centers owned by US Internet service provider Brightspeed are up for sale in Ohio.
Via Crexi, Dzugan Real Estate is listing six Brightspeed Central Offices in Ohio as up for sale on a sale-leaseback basis.
The sites are spread across Lima, Sidney, Lebanon, Mansfield, Warren, and Loraine. The footprints vary from just under 30,000 sq ft (2,787 sq m) to more than 90,000 sq ft.
All the sites come with a 20-year triple net (NNN) lease with current owner Brightspeed, which took over the sites from Lumen/CenturyLink.
Prices per facility vary from $1.9 million to $6.2m per facility – and total $20.7m for all six. Dzugan noted there is an “opportunity” to bundle the facilities together for a larger portfolio acquisition.
Brightspeed was officially formed in October 2022 after Apollo Global Management acquired the broadband and telecom assets of Lumen Technologies – taking over the former CenturyLink company’s ILEC (incumbent local exchange carrier) business in 20 states. Abu Dhabi's sovereign wealth fund Mubadala Investment Company is also an investor.
An ILEC is a local telephone company (or successor company) that held a regional monopoly on landline services before the market was opened to competitive local exchange carriers. The former CenturyLink business can trace its roots back to the Oak Ridge Telephone Company, founded in 1930, as well as US West and Qwest.
Brightspeed has been looking to sell off a number of its data center sites in leaseback deals across the US.
Last year a Brightspeed data center in Charlottesville, Virginia, was also up for sale in a sale-leaseback deal.
Last month two other Brightspeed facilities were up for sale-leaseback in Missouri, following the sale of a third Missouri facility last year.
