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Las Vegas, Nevada

Updated Oct 29, 2024

BKM Capital Partners Acquires Light Industrial Portfolio Across Las Vegas, Portland, And Los Angeles For $280M
SOLDIndustrial

BKM Capital Partners Acquires Light Industrial Portfolio Across Las Vegas, Portland, And Los Angeles For $280M

Las Vegas, Nevada

$280,000,000

$254/SF

Building Size

1,100,000 SF

Asset Type

Industrial

Closing

May 17, 2023

About this deal

AI

BKM Capital Partners, led by Brian Malliet, has acquired a portfolio of light industrial properties totaling over 1.1 million square feet in Las Vegas, Portland, Oregon, and Los Angeles. The properties, valued at more than $280 million, demonstrate BKM's ability to identify attractive assets with long-term growth potential in highly desirable locations.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $280,000,000
  • Square Footage: 1,100,000
  • Price Per Square Foot: $255
  • Market: Las Vegas, Portland, Oregon & Los Angeles
  • Buyer: BKM Capital Partners - Brian Malliet

This acquisition further solidifies BKM Capital Partners' position as a reputable player in the light industrial space. With their expertise in sourcing and acquiring properties with significant growth potential, BKM has successfully expanded their portfolio in key markets, further strengthening their presence in the industry.

Players

Brian Malliet

BKM Capital Partners

Buyer

$996.2M

vol

16 deals

Buyer

Las Vegas Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $254 per square foot on a published $280M for 1,100,000 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.06%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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