Capital Square 1031 has acquired a 16,529-square-foot, all-purpose data center in La Mirada, a city within the Los Angeles metro area. The property was acquired for CS1031 California Data Center, DST, a Reg. D private placement.
“Data centers are one of the most sought-after asset classes in the nation and are rarely available for purchase,” said Louis Rogers, founder and chief executive officer of Capital Square. “Capital Square is pleased to add this data center to its diversified portfolio of Class A and B multifamily properties, manufactured housing communities, medical office buildings, office/headquarters, and industrial properties for Section 1031 and other investors nationwide.”
Located at 16680 Valley View Ave., the property is occupied by Cogent Communications Inc., one of the world’s largest internet service providers. The company delivers internet, ethernet and colocation services to over 88,100 customers in more than 207 markets and 47 countries
