News

Private Real Estate Investment Firm, Cohen Asset Management, Inc. Announces the Acquisition of a Strategic Land Parcel Located at the San Francisco Airport  
Los Angeles, California (October 18, 2012)
 
An affiliate of Cohen Asset Management, 836 Cowan Industrial LLC, acquired a prime infill parcel of developable land adjacent to the tarmac at San Francisco International Airport (SFO).  Strategically located in the Burlingame submarket of San Francisco with immediate access to California State Highway 101, the property provides easy access to San Francisco, San Jose and the East Bay, making this infill location the premier choice for industry with operations serving SFO.
 
The property is 100% leased on a long-term basis to Dollar Rent a Car, providing Cohen Asset Management and its investors with substantial cash returns from the inception of ownership, projected to grow significantly via contractual annual rental escalations. Cohen created additional value during escrow by successfully extending the lease on an absolute net basis. The investment was sourced on an off-market basis reflective of the depth of Cohen’s relationships and an acquisition style that Cohen has excelled at in the past. The acquisition of the developable parcel continues Cohen’s track record of sourcing opportunities through its bi-coastal offices while furthering its standing as a national operator with local presence and close broker relationships. This latest acquisition expands Cohen’s Northern California holdings to seven properties.
 
About Cohen Asset Management™
Cohen Asset Management, Inc. is a private commercial and industrial real estate investment firm. The firm’s relationships extend to high net worth individuals and institutional investors. The private real estate investment firm is an active operator and investor of commercial and industrial real estate assets and has a well-established reputation as a value added investor focusing on commercial and industrial real estate opportunities that are inefficiently priced due to a variety of circumstances such as vacancies, rollover risk, sub-optimal management, inefficient current use, deferred maintenance, long-term undervalued leases or other unfavorable property and market conditions.