BKM Capital Partners And Kayne Anderson Real Estate Acquire Pleasant Hill Industrial Park For $25M

The property involved in this transaction is an industrial asset located at 2420-2495 Estand Way in Pleasant Hill. The transaction was completed for a sale price of $25,000,000, with a total square footage of 104,010, indicating a price per square foot of $240.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $25,000,000
• Square Footage: 104,010
• Address: 2420-2495 Estand Way
• Market: Pleasant Hill
• Buyer: Brett Turner, Michael Grossner & Brian Malliet - BKM Capital Partners; Albert Rabil - Kayne Anderson Real Estate
• Seller: Lowenberg Corp
• Broker: Eastdil Secured
• Price Per Square Foot: $240
• Units: 16
• Occupancy: 89% leased
• Repositioning Investment: $1.7 million

BKM Capital Partners and Kayne Anderson Real Estate acquired the 104,010-square-foot property, which was directly sold by Lowenberg Corp. The deal was characterized by limited competition, allowing the buyers to secure the property at a discounted price. The acquisition was led by Brett Turner, with Eastdil Secured advising the seller.