Updated Jun 19, 2025
BKM Capital Partners Acquires Hannover Industrial Park In Fremont For $43 Million
4755 Hannover Place & 43815 South Grimmer Boulevard
$43,000,000
$130/SF
Building Size
165,243 SF
Asset Type
Industrial
Closing
Jun 17, 2025
About this deal
AI
The 4755-4900 Hannover Place, located at 4377 & 43815 South Grimmer Boulevard in Fremont, has been acquired by BKM Capital Partners for $43,000,000. This industrial asset spans 165,243 square feet and has a price per square foot of $260. The complex consists of six buildings and nine units, currently 74% leased.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $43,000,000
- Square Footage: 165,243
- Price per Square Foot: $260
- Buyer: Brian K. Malliet
- Buyer's Company: BKM Capital Partners
- Market: Fremont
Brian K. Malliet, representing BKM Capital Partners, has plans to invest $1.3 million in upgrades to the property. The acquisition was made through an off-market deal, providing BKM with the opportunity to enhance occupancy within the industrial park.
On the Map
$43,000,000
$130/SF
Industrial
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Fremont Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93