Data centers are one of the most sought-after asset classes in the nation and are rarely available for purchase, says Louis Rogers, founder and chief executive officer of Capital Square 1031. His firm recently acquired a 16,529-square-foot all-purpose data center in La Mirada.

The property was acquired for CS1031 California Data Center, DST, a Reg. D private placement. Located at 16680 Valley View Ave., the property is occupied by Cogent Communications Inc., a large Internet service provider.

“The property is located in a tight industrial market, halfway between downtown Los Angeles and Orange County,” said Whitson Huffman, chief strategy and investment officer. “The strategic location allows the tenant Cogent Communications Inc. to provide fully integrated fiber-optic network services to its significant customer base in the metropolitan area, without reliance on third-party carriers. The global data center infrastructure market is projected to reach a total market size of $230.2 billion in 2025, up from $155.2 billion in 2019.”