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Schedule III Real Estate and Accumulated Depreciation
12 Months Ended
Dec. 31, 2015
Schedule III Real Estate and Accumulated Depreciation  
Schedule III Real Estate and Accumulated Depreciation

CoreSite Realty Corporation
Schedule III
Real Estate and Accumulated Depreciation
December 31, 2015
(in thousands)

                                                                                                                                                                                    

 

 

 

 

 

 

 

 

 

 

Gross Amount Carried at
December 31, 2015

 

 

 

 

 

 

 

 

 

Initial Cost

 

Costs
Capitalized
Subsequent
to
Acquisition

 

Accumulated
Depreciation
at
December 31,
2015

 

 

 

Property
Name

 

Location

 

Land

 

Building and
Improvements

 

Land

 

Building and
Improvements

 

Total

 

Year
Acquired
or Leased

 

 

 

(In thousands)

 

BO1

 

Somerville, MA

 

$

6,100 

 

$

26,748 

 

$

64,882 

 

$

5,154 

 

$

92,576 

 

$

97,730 

 

$

36,496 

 

 

2007 

 

CH1

 

Chicago, IL

 

 

5,493 

 

 

49,522 

 

 

45,921 

 

 

5,493 

 

 

95,443 

 

 

100,936 

 

 

22,195 

 

 

2010 

 

DC1

 

Washington, DC

 

 

 

 

4,797 

 

 

3,462 

 

 

 

 

8,259 

 

 

8,259 

 

 

4,399 

 

 

2010 

 

DE1

 

Denver, CO

 

 

 

 

37 

 

 

3,308 

 

 

 

 

3,345 

 

 

3,345 

 

 

827 

 

 

2012 

 

DE2

 

Denver, CO

 

 

 

 

 

 

1,068 

 

 

 

 

1,072 

 

 

1,072 

 

 

617 

 

 

2012 

 

LA1

 

Los Angeles, CA

 

 

 

 

41,099 

 

 

28,321 

 

 

 

 

69,420 

 

 

69,420 

 

 

26,029 

 

 

2010 

 

LA2

 

Los Angeles, CA

 

 

28,467 

 

 

94,114 

 

 

56,760 

 

 

28,467 

 

 

150,874 

 

 

179,341 

 

 

32,492 

 

 

2010 

 

MI1

 

Miami, FL

 

 

728 

 

 

9,325 

 

 

1,094 

 

 

728 

 

 

10,419 

 

 

11,147 

 

 

2,362 

 

 

2010 

 

NY1

 

New York, NY

 

 

 

 

 

 

35,083 

 

 

 

 

35,083 

 

 

35,083 

 

 

16,677 

 

 

2007 

 

NY2

 

Secaucus, NJ

 

 

4,952 

 

 

18,408 

 

 

108,230 

 

 

2,388 

 

 

129,202 

 

 

131,590 

 

 

8,096 

 

 

2013 

 

SV1

 

San Jose, CA

 

 

6,863 

 

 

91,719 

 

 

37,686 

 

 

6,863 

 

 

129,405 

 

 

136,268 

 

 

23,462 

 

 

2010 

 

SV2

 

Milpitas, CA

 

 

5,086 

 

 

5,046 

 

 

22,504 

 

 

5,086 

 

 

27,550 

 

 

32,636 

 

 

14,883 

 

 

2006 

 

SV3

 

Santa Clara, CA

 

 

4,162 

 

 

3,482 

 

 

46,464 

 

 

3,972 

 

 

50,136 

 

 

54,108 

 

 

24,992 

 

 

2007 

 

SV4

 

Santa Clara, CA

 

 

4,632 

 

 

3,716 

 

 

90,182 

 

 

4,501 

 

 

94,029 

 

 

98,530 

 

 

22,683 

 

 

2007 

 

SV5

 

Santa Clara, CA

 

 

2,572 

 

 

 

 

23,486 

 

 

2,544 

 

 

23,514 

 

 

26,058 

 

 

1,245 

 

 

2007 

 

SV6

 

Santa Clara, CA

 

 

4,741 

 

 

 

 

25,500 

 

 

 

 

30,241 

 

 

30,241 

 

 

 

 

2007 

 

SV7

 

Santa Clara, CA

 

 

3,793 

 

 

 

 

29,673 

 

 

 

 

33,466 

 

 

33,466 

 

 

 

 

2007 

 

VA1

 

Reston, VA

 

 

6,903 

 

 

32,939 

 

 

87,806 

 

 

6,903 

 

 

120,745 

 

 

127,648 

 

 

43,211 

 

 

2007 

 

VA2

 

Reston, VA

 

 

5,197 

 

 

 

 

113,060 

 

 

2,720 

 

 

115,537 

 

 

118,257 

 

 

3,553 

 

 

2007 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

 

Total

 

$

89,689 

 

$

380,956 

 

$

824,490 

 

$

74,819 

 

$

1,220,316 

 

$

1,295,135 

 

$

284,219 

 

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

        None of our properties are encumbered.

        The aggregate cost of the total properties for federal income tax purposes was approximately $1,147.4 million (unaudited) at December 31, 2015.

CoreSite Realty Corporation
Schedule III
Real Estate and Accumulated Depreciation (Continued)
December 31, 2015

        The following table reconciles the historical cost and accumulated depreciation of our properties for the years ended December 31, 2015, 2014, and 2013:

                                                                                                                                                                                    

 

 

Year Ended December 31,

 

 

 

2015

 

2014

 

2013

 

 

 

(In thousands)

 

Property

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

1,146,548

 

$

1,048,525

 

$

829,508

 

Additions—property acquisitions

 

 

 

 

 

 

23,360

 

Additions—improvements

 

 

148,587

 

 

98,969

 

 

195,657

 

Deduction—cost of land disposal

 

 

 

 

(946

)

 

 

​  

​  

​  

​  

​  

​  

Balance, end of period

 

$

1,295,135

 

$

1,146,548

 

$

1,048,525

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Accumulated Depreciation

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

215,978

 

$

155,704

 

$

105,433

 

Additions, net of disposals

 

 

68,241

 

 

60,274

 

 

50,271

 

​  

​  

​  

​  

​  

​  

Balance, end of period

 

$

284,219

 

$

215,978

 

$

155,704

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​