BKM Capital Partners Acquires North Cabot Industrial Park In Hayward For $10.5M

The property involved in the transaction is located at 19707-19845 Cabot Boulevard in Hayward, classified as industrial real estate. The sale price of the property was recorded at $10,500,000, amounting to approximately $206 per square foot, with a total square footage of 50,970. The asset will be transitioned under BKM Capital Partners, indicating future investments aimed at upgrading its facilities.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $10,500,000
• Address: 19707-19845 Cabot Boulevard
• Market: Hayward
• Square Footage: 50,970
• Price per Square Foot: $206
• Buyer: Brian Malliet & Brett Turner - BKM Capital Partners
• Brokers: Kenneth Morris, Michael Barry & Robert Ferraro - CBRE

BKM Capital Partners acquired the North Cabot Industrial Park from a nonprofit organization. The firm is planning upgrades for the property while addressing a 9% vacancy rate, aiming to leverage a significant rent market deficiency identified in the active I-880 Corridor of the San Francisco Bay Area.