Cleveland Industrial Capital LLC, Affiliate of Commercial and Industrial Real Estate Investment Firm, Cohen Asset Management Inc. Completes Sales of Industrial Property
Cleveland Industrial Capital LLC, an affiliate of commercial and industrial real estate investment firm Cohen Asset Management, Inc., closed on the sale of 30901 Carter Street, an approximate 88,000 square-foot industrial building located in Solon, Ohio on July 25, 2008.
Solon, Ohio (PRWEB) August 26, 2008 -- Cleveland Industrial Capital LLC, an affiliate of commercial and industrial real estate investment firm Cohen Asset Management, Inc., closed on the sale of 30901 Carter Street, an approximate 88,000 square-foot industrial building located in Solon, Ohio, roughly 18 miles southeast of Cleveland on July 25, 2008. This asset was acquired in November 1998 as one of 15 properties purchased by American Industrial Capital LLC during the years of 1997 - 2007.
The multi-tenant single-story warehouse distribution facility is situated on approximately 5.43 acres. Commercial and industrial real estate investment firm Cohen Asset Management, Inc. elected to sell this asset as Cleveland is no longer a Target Market in which the company is focusing its efforts. The disposition represents the final asset within the syndicated holdings of American Industrial Capital LLC, an entity the company intends to close out in 2008.
About Cohen™
Cohen Asset Management, Inc.,("CAM"), is a private commercial and industrial real estate investment firm. The firm's relationships extend to high net worth individuals, institutional investors and domestic business entities. Commercial and industrial real estate investment firm Cohen Asset Management, Inc. is an active operator and investor of 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.
Forward looking Statement
Except for the historical facts, the statements in this press release regarding CAM's business activities are forward-looking statements based on the beliefs of, assumptions made by, and information currently available to us about known and unknown risks, trends, uncertainties and factors that are beyond our control or ability to predict. Although we believe that our assumptions are reasonable, they are not guarantees of future performance and some will inevitably prove to be incorrect. As a result, our actual future results can be expected to differ from our expectations, and those differences may be material. Accordingly, investors should use caution in relying on past forward-looking statements to anticipate future results or trends. Except as required by law, we assume no obligation to update any such forward-looking statements.
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