Suburban Las Vegas Business Park Sells for $111.25Mln

 

BKM Capital Partners has paid $111.25 million, or nearly $124/sf, for the 898,389-square-foot Pacific Business Center in the Las Vegas suburb of Henderson, Nev.

 

The complex consists of 13 buildings at 1045-1175 American Pacific Drive, 160-194 Gallagher Crest Road and 1060-1110 Mary Crest Road. The seller was not disclosed.

 

The buildings, which were constructed between 1996 and 1998, are 85 percent leased to tenants that include Handbag Express, P.I. Upholstery, Arvco Container Corp., Vegas Plumbing Service, Closet & Storage Concepts and Future & Active Pilot Advisors.

 

The acquisition is the largest for BKM Capital, a Newport Beach, Calif., investment manager, which was founded in 2013. The company buys multi-tenant, light-industrial properties in the Western United States.

 

It has raised $289.4 million of equity commitments for its second industrial fund, as well as an additional $92.1 million of co-investments. Three years ago, the company raised $105 million for its first fund, plus $25 million of co-investments.

Please reload

Featured Posts

Spotlight: Multi Tenant Distribution Warehouse Outlook

September 20, 2018

1/6
Please reload

Recent Posts
Please reload

Archive
Please reload

Follow Us
  • facebook
  • linkedin
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 »

California // Colorado // Arizona // Washington // Nevada // Oregon

CONTACT US

Phone: 949.566.8800

  • linkedin
  • twitter
  • Facebook
  • instagram

© 2013-2019 BKM Capital Partners. BKM Capital Partners is a registered trademark. All Rights Reserved.