California Investor Enters Denver Market with $20M Acquisition

Newport Beach, CA-based BKM Capital Partners entered the Denver market via the $20-million acquisition of Inverness Business Park, a 215,268-square-foot industrial asset. The eight-building property was sold by an unnamed private family office.

 

BKM’s Brian Malliet says, the deal for the Class A property reflects a 57% discount to replacement cost. The buyer plans to invest nearly $2 million in upgrades to the asset located at 14 Inverness Drive East in Englewood, CO.

 

The property is situated within a 980-acre high image master-planned project anchored by companies such as Boeing and Comcast. The site fronts Inverness Golf Course, and is readily accessible from Interstate 25, the major north-south transportation corridor running through the heart of Denver. The asset is 91% occupied by 86 tenants.

 

BKM was self-represented. NKF represented the seller.

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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. 

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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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