BKM Capital Partners Acquires Carlsbad Industrial Park For $44M

The Commerce Carlsbad industrial park in Carlsbad, CA has been acquired by BKM Capital Partners for a total of $44,000,000. The industrial park has been renamed the "Pacific Coast Industrial Center" by the new owners. It consists of 62 small bay units covering a total area of 129,928 square feet. The transaction represents a price per square foot of $339.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $44,000,000
• Address: 5205 Avenida Encinas, Carlsbad
• Market: Carlsbad
• Buyer: BKM Capital Partners (Brian Malliet & Brett Turner)
• Broker: Brad Tecca - Cushman & Wakefield
• Square Footage: 129,928
• Price per Square Foot: $339

BKM Capital Partners, led by Brian Malliet and Brett Turner, successfully completed the acquisition of the Commerce Carlsbad industrial park. Brad Tecca from Cushman & Wakefield served as the broker representing the buyer in this transaction. The park is set to undergo substantial capital improvements under the new ownership.