Friday, August 2, 2019

BKM Capital Partners Acquires 898,389-SF Multi-Tenant Industrial Property in Henderson, NV for 111 Million



Pacific Business Center, Henderson, NV

NEWPORT BEACH, CA – BKM Capital Partners, an institutional fund manager with a niche focus on value-add, light industrial multi-tenant investments, has surpassed $1 billion in assets under management with the acquisition of Pacific Business Center, a 898,389 square-foot, 13-building light multi-tenant industrial property in Henderson, Nevada.

Brian Malliet
The industrial complex was acquired for $111,250,000 and is BKM’s largest acquisition to date.

 “Reaching $1 billion in assets under management is a major milestone for BKM that speaks to the strength of our ongoing investment strategy,” says Brian Malliet, Co-Founder and CEO of BKM Capital Partners.

“We have been bullish on acquisitions over the past two years, consistently acquiring high-quality assets at pricing that remains well below replacement cost. 

"In doing so, we have established ourselves as one of the most active buyers of multi-tenant industrial product in the U.S., while simultaneously creating tremendous value for our owned portfolio, which now spans more than eight million square feet throughout the Western U.S.”

Brett Turner
Additionally, the asset offers top of the line industrial features such as 24’-28’ clear heights, ESFR sprinkler systems and new TPO roofs, according to Brett Turner, Managing Director of Acquisitions at BKM Capital Partners.


“It is rare to find a property of this scale and caliber in the Las Vegas metro area,” says Turner. 

“Based on a lack of developable land and rising construction costs, there is a significant lack of industrial supply in the Henderson market, making this a strategic acquisition that will benefit from strong tenant demand for many years ahead.”


            The properties are located at:

·        1045-1175 American Pacific Drive
·        160-194 Gallagher Crest Road
·        1060-1110 Mary Crest Road

BKM represented itself in the acquisition. The seller was represented by CBRE.


CONTACTS:

Alex Caswell/Lexi Astfalk
Brower Group
(949) 955-7940



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