Newport Beach-based BKM Capital Partners, an institutional fund manager, has acquired a multi-tenant industrial/flex portfolio totaling 99,187 square feet in San Diego.
Del Abeto Commerce Center
Encompassing four buildings in two projects in the Carlsbad and Sorrento Mesa submarkets, the portfolio sold for a combined $16.55 million. The seller was 3G Properties LP.
Located at 6352 and 6354 Corte Del Abeto in Carlsbad, Del Abeto Commerce Center was developed in 1986 and consists of 63,893 square feet within two industrial/flex buildings on 5.78 acres.
Key features include 18-foot high bays and grade level roll up doors. Located in Sorrento Mesa, Waples Industrial Centre, developed in 1988, consists of 35,294 square feet within two low-rise industrial/flex buildings on 1 acre.
The portfolio was fully leased to 18 different tenants of diverse sizes and industries with staggering lease terms.
Cushman & Wakefield represented the seller in the transaction.