BKM Acquires 122,253 SF Industrial Park in Sacramento for $10.1M
SACRAMENTO, CALIF. — BKM Capital Partners has acquired Expo Centre, a 122,253-square-foot, multi-tenant industrial business park in downtown Sacramento for $10.1 million. The seven-building park is located alongside the SR-160 at 1761 to 1791 Tribute Road.
Expo Centre is currently 81 percent leased with in-place rental rates that are about 18 percent below market value. BKM plans to implement a series of capital improvements to reposition the property.
BKM acquired the property from a private syndication managed by Sperry Equities. Palmer Capital represented the seller in this transaction.