• OC Register

Real estate briefly: BKM Capital buys business center for $28M


BKM Capital Partners, an institutional fund manager in Newport Beach, has acquired Activity Business Center for $28.1 million. The 160,943 square-foot, five-building multi-tenant light industrial property is in the Miramar submarket of San Diego. (Courtesy of BKM Capital Partners)

BKM Capital Partners, an institutional fund manager in Newport Beach, has acquired Activity Business Center for $28.1 million. The 160,943 square-foot, five-building multi-tenant light industrial property is in the Miramar submarket of San Diego.

The center is roughly 93 percent occupied with 38 tenants. Average unit sizes are approximately 3,743 square feet, according to Brett Turner, BKM’s director of acquisitions. BKM said in a statement it plans to rebrand the multi-tenant industrial complex and renovate the property, upgrading the parking lot, exterior paint, landscaping, monument signage, lobby and the addition of a new outdoor common area.

Cushman and Wakefield represented Lincoln Property Co. as the seller in this transaction. BKM Capital Partners was not represented.

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BKM CAPITAL PARTNERS

 

Headquartered in Newport Beach, California, BKM Capital Partners is a real estate 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 leasing to reposition and institutionalize light industrial assets, the firm continues to build on its proven track record, generating strong results with high levels of transparency and engagement for investors. 

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BKM MANAGEMENT COMPANY

 

BKM Management Company manages a portfolio of 8.6 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 are managed in the most efficient way.

 

 

 

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