BKM Acquires 300K-SF Burbank Asset for $85M

Backlot Burbank, a 12-building, 302,869 square-foot industrial business park in Burbank, CA was acquired by Newport Beach, CA-based BKM Capital Partners for $84.75 million.

 

CBRE represented the seller, a joint-venture between Shubin Nadal Associates and Penwood Real Estate Investment Management, LLC, through its fourth value-added investment vehicle, Penwood Select Industrial Partners IV, L.P.

 

The property at 4100-4210 W. Vanowen Pl., 2303-2333 N. Valley St., and 4400-4510 W. Vanowen St. is located between the Interstate 5 and State Route 170 freeways, and directly adjacent to the Hollywood/Burbank Airport. The industrial business park is currently 100% occupied by a diverse range of 16 different tenants, with unit sizes ranging from 6,000 to 100,217 square feet.

 

BKM Capital Partners’ Brian Malliet says Backlot Burbank is one of the only business park assets in Burbank. The company plans to implement a series of capital improvements to the property, including new roofs, paint, and tenant and monument signage.

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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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