BKM Buys Massive Nevada Industrial Property for $111M
The 13-building property totals nearly 900,000 square feet, making it the firm’s largest acquisition to date.
BKM Capital Partners has acquired the Pacific Business Center in Henderson, Nevada, for $111.3 million. The 13-building property totals nearly 900,000 square feet and is BKM’s largest acquisition to date.
The property is located at 1045-1175 American Pacific Drive; 160-194 Gallagher Crest Road and 1060-1110 Mary Crest Road in Henderson. The property was built in the late 90s but has received $12.4 million in capital improvements since 2010, which include high quality HVAC and EVAP systems, LED lighting, upgraded office finishes and new exterior paint. Additionally, the asset offers top of the line industrial features such as 24’-28’ clear heights, ESFR sprinkler systems and new TPO roofs.
BKM represented itself in the acquisition. The seller was represented by CBRE.