• Connect Commercial Real Estate

BKM Takes Ownership of Denver’s 150K-SF Crossroads Distribution Center

Institutional fund manager BKM Capital Partners is now the owner of Crossroads Distribution Center, a 14-unit, 150,245-square-foot distribution warehouse campus in Denver, CO’s Central East I-70/Montbello submarket. The Newport Beach, CA buyer acquired the asset from KEW Realty for $14.8 million in an off-market transaction.

“This was an off-market transaction that resulted in a price agreement at a significant discount to replacement cost,” said BKM’s Brett Turner. “The acquisition price of $98-per-square-foot is a 13% discount to recent transactions in this submarket, and a 43% discount to the asking price for a nearby comparable property.”

Originally constructed in 1973, Crossroads Distribution Center at 3700 Havana St. is 90% leased to 12 tenants. The firm’s new owner plans to rebrand the asset as Havana 37 Business Center, and will invest approximately $1.2 million in capital improvements to upgrade the roof, HVAC system and parking lot.

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Headquartered in Newport Beach, California, BKM Capital Partners is a real estate 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 leasing to reposition and institutionalize light industrial assets, 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 manages a portfolio of 8.6 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 are managed in the most efficient way.




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