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

Property Image
SOLD
$67,000,000

Oregon

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Industrial902,124 SF
Sold 12/14/2023
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Property Image
SOLD

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

10950 Southwest 11th Street & 11065 Southwest 11th Street

See Similar Deals
Industrial902,124 SF
Sold 12/14/2023
the dealplayerscompscontact
Contact now

Summary

OREGON
Asset Type:Industrial
Price Per Square Foot:$74
Total Square Footage:902,124 SF
Transaction Type:Sale

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
Brian Malliet
12 deals$803.6M volume
BUYER

Details

SOLD
IMAGE: Brian Malliet DATE: 12/14/2023 ADDRESS: 10950-11065 Southwest 11th Street MARKET: Beaverton, OR ASSET TYPE: Industrial BUYER: Brian Malliet - BKM Capital Partners SALE PRICE: $67,000,000 UNITS: 13 ~ PPU: $5,153,846 SF: 451,062 ~ PPSF: $149 NOTE: BKM Capital Partners, an institutional fund manager, has acquired the 217 Distribution Center, a multi-tenant industrial park in metro Portland, comprising five buildings and spanning 451,062 square feet.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,573,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$238,036.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$317,614.18
Annual Debt Service$3,811,370.18