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10950 Southwest 11th Street

BKM Capital Partners Acquires Industrial Park In Beaverton, OR For $67M
SOLDIndustrial

BKM Capital Partners Acquires Industrial Park In Beaverton, OR For $67M

10950 Southwest 11th Street & 11065 Southwest 11th Street

$67,000,000

$74/SF

Building Size

902,124 SF

Asset Type

Industrial

Closing

Dec 14, 2023

AI

BKM Capital Partners, an institutional fund manager, has acquired the 217 Distribution Center, a multi-tenant industrial park in metro Portland, Oregon. The property comprises five buildings and spans a total of 451,062 square feet. The sale price for this transaction was $67,000,000, resulting in a price per unit of $5,153,846 and a price per square foot of $149.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $67,000,000
  • Units: 13
  • Price per Unit: $5,153,846
  • Square Footage: 451,062
  • Price per Square Foot: $149
  • Address: 10950-11065 Southwest 11th Street, Beaverton, OR
  • Market: Beaverton, OR

The buyer in this transaction is Brian Malliet, representing BKM Capital Partners. Brian Malliet is a part of the BKM Capital Partners agency.

Players

Brian Malliet

BKM Capital Partners

Buyer

$836.5M

vol

13 deals

Buyer

Beaverton 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

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93