CBRE: 16680 Valley View Ave Data Center

BRAND NEW LONG-TERM LEASECogent recently commenced on a brand new 15-year NN lease with two (2) additional 5-year options, offering investors a long-term, passive investment with minimal landlord responsibilities.RARE 3% ANNUAL RENT ESCALATIONSThe lease features above market annual rent increases of 3% throughout the initial term, providing a predictable cash-flow with built-in inflationary hedges.MARKET LEADING TENANTCogent Communications, Inc. is one of the world’s largest Internet Service Providers, delivering high quality Internet, Ethernet and Colocation services to over 84,000 customers across 43 countries. The company boasts a market cap of $2.6 billion and reported revenues exceeding $520 million as ofDecember 31, 2018.MISSION CRITICAL LOCATIONCogent is expertly positioned to support businesses in Los Angeles and beyond. This state-of-the-art facility is one of only nine Cogent data centers located in the western United States and is essential in routing Cogent’s high-speed internet traffic in and out of the greater L.A. area and across the southwestern U.S.COGENT POWERED BUILDINGSA typical Cogent powered building is a Class A office building in excess of 600,000 square feet. According to CoStar, there are nearly 80 properties meeting these criteria across the Southwestern U.S., with more than half located in the Los Angeles MSA.