Capital Source 1031 Acquires Property On Valley View Ave La Mirada With Seller's Rep Jeffrey Jackson

Capital Source 1031 has purchased an all-purpose data center located at 16680 Valley View Ave, La Mirada, CA. The building encompasses 16,529 square feet and is occupied by Cogent Communications, an internet service provider. The tenant has a double-net lease with more than 13 years remaining, featuring annual rental increases of 3 percent through the initial term and two five-year renewal options.

Summary of transaction details:

• Property Type: Data Center
• Transaction Amount: Undisclosed
• Address: 16680 Valley View Ave, La Mirada, CA
• Market: La Mirada
• Seller's Representative: Jeffrey Jackson - CBRE
• Buyer: Capital Source 1031
• Square Footage: 16,529
• Tenant: Cogent Communications

Jeffrey Jackson of CBRE Capital Markets represented the undisclosed seller in this transaction. Capital Source 1031 was self-represented during the deal, which involved acquiring the property for CS1031 California Data Center, a Delaware statutory trust.