BKM Capital Partners Acquires Hannover Industrial Park In Fremont For $43 Million
California
See Similar DealsBKM Capital Partners Acquires Hannover Industrial Park In Fremont For $43 Million
4755 Hannover Place & 43815 South Grimmer Boulevard
See Similar DealsSummary
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.
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