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FEDERAL WAY BUSINESS PARK SOUTH

Project Summary

date acquired

July 2019

location

Federal Way, WA

size

66,285 SF

units

26

year built

1979

Investment Summary

In July 2019, BKM Capital Partners completed the acquisition of Federal Way Business Park South (formerly known as 9th Avenue Center), located in Federal Way, WA. The 66,285 square-foot multi-tenant business park consists of four buildings with 26 units.

The property is uniquely located in the highly sought-after South-Central Denver submarket alongside I-25, a leading transportation corridor providing direct access to the primary metropolitan and employment hubs in Downtown Denver and Denver Tech Center. The asset has undergone a cosmetic overhaul through BKM's signature capital improvements package, including a façade upgrade, refreshed paint scheme, upgraded signage, modernized landscaping, and reconfigured overbuilt office space into functional industrial spaces. BKM also addressed deferred maintenance on roofing, HVAC, and parking lot. BKM's in-house property management and leasing teams will work diligently to drive new leasing activity while maximizing asset performance.

The asset was realized in March 2023.

Site Plan

Location

Project Photos

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