BKM Capital Partners And Kayne Anderson Real Estate Acquire Industrial Campus In Fort Lauderdale For $57M

The industrial property located at 2201, 2301 & 2381 Stirling Road in Fort Lauderdale, FL consists of a seven-building campus totaling 210,000 square feet. It was acquired for $57,000,000, resulting in a price per square foot of $271. The property is currently 97% leased, featuring a weighted average lease term of 3.9 years.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $57,000,000
• Square Footage: 210,000
• Price per Square Foot: $271
• Buyer: Brett Turner & Brian K. Malliet - BKM Capital Partners; Albert Rabil - Kayne Anderson Real Estate
• Seller: Luke J. Petherbridge - Link Logistics
• Broker: Rick Brugge - Cushman & Wakefield

The acquisition was facilitated by a joint venture between BKM Capital Partners and Kayne Anderson Real Estate, indicating a strategic expansion for the buyers within the South Florida industrial market, thereby enhancing their portfolio diversity in the region.