BKM Capital Partners Receives $92M Acquisition Loan for 13-Building Industrial Complex in Las Vegas

LAS VEGAS — BKM Capital Partners has received $92 million in acquisition financing for Hughes Airport Center, a 13-building, multi-tenant industrial complex in Las Vegas. The properties are situated in the industrial pocket between McCarran International Airport and interstates 15 and 215.

 

 Hughes Airport Center contains 3.3 million square feet of Class A industrial space and Class B office space. The 420-acre, master-planned business park has access to nearby retail and entertainment amenities like Town Square shopping center, Las Vegas Premium Outlets South, Tahiti Village, Callaway Golf Center, Bali Hai Golf Club and Sunset Park.

 

The business park has recently undergone a slew of improvements

, including new paint to building exteriors, asphalt and parking lot repairs, roof repair, and upgraded landscaping, monument signage and tenant signage. Rents at Hughes Airport Center typically range between $0.90 per square foot and $1.30 per square foot.

Notable tenants at the center include Geotab, CanvasPop, Medical Transportation Management, Climatec, Credit One Bank, North American Video, LabCorp of America and Harman International. Hughes Airport Center marks BKM’s fifth industrial park acquisition in the Las Vegas Valley.

The seller was a joint venture between Oaktree Capital and CIP Real Estate. CIT Group’s Real Estate Finance business provided the senior secured credit facility to BKM, which is currently raising its second institutional fund.

BKM Capital Partners is a Newport Beach, Calif.-based fund manager specializing in the acquisition and improvement of value-add, multi-tenant industrial properties in metro areas across the Western U.S.

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BKM CAPITAL PARTNERS

 

Headquartered in Newport Beach, California, BKM Capital Partners is a fund manager specializing in the acquisition and improvement of value-add multi-tenant industrial properties in metro areas across the Western U.S. Combining a deep knowledge of this niche industrial product type with in-house capabilities including on-site property management, asset management, and structured financing, the firm continues to build on its proven track record, generating strong results with high levels of transparency and engagement for investors. 

Learn more about BKM Capital Partners »

BKM MANAGEMENT COMPANY

 

BKM Management Company manages a portfolio of 8.2 million square feet of multi-tenant industrial properties for BKM Capital Partner’s private and institutional investors. With a focus on “boots on the ground” execution at the property level, BKM has in-house capabilities for both property management and leasing. The teams at the property level are focused on ensuring the tenants thrive and that the properties managed in the most efficient way.

 

 

 

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Phone: 949.566.8800

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