BKM Capital Partners Buys 6-Property Otay Mesa Industrial Portfolio

September 5, 2018

Newport Beach, CA-based BKM Capital Partners acquired the Otay Mesa Industrial Portfolio, a six-property industrial portfolio in San Diego’s Otay Mesa submarket. The property encompasses 14 buildings totaling 703,215 square feet. Cushman & Wakefield represented the seller, Stockbridge Capital Group.

 

BKM Capital Partners’ Brian Malliet says, “This was a rare opportunity to acquire a portfolio of critical mass at a discount to its replacement cost in one Southern California’s fastest growing submarkets.”

 

The multi-tenant industrial portfolio is currently 97% occupied by a diverse group of 44 tenants, with in-place rents roughly 24% below market value.

 

The Otay Mesa Industrial Portfolio is strategically located adjacent to the USA-Mexico international border, one of the busiest border crossings in the Western Hemisphere with an estimated $243 billion of goods exported across it each year.

 

The Otay Mesa Portfolio includes:

  • Borderpoint Business Park, 6754, 6744 & 6794 Calle De Linea

  • San Diego International Center, 8830 Siempre Viva Rd.

  • Faraday Industrial Park, 2325, 2345, 2365, 2375 Michael Faraday Dr.; 2350 Marconi Place

  • Otay Business Center, 6987 & 6995 Calle De Linea

  • Frontera Business Center, 2695 Customhouse Court

  • Otay Crossing Business Park, 2340 Enrico Fermi Drive & 10025 Siempre Viva Rd.

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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.

 

 

 

Learn more about BKM Management Company »

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Phone: 949.566.8800

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