Brian Malliet Of BKM Capital Partners Acquires Portland Industrial Asset For $24.5M
12021 Northeast Airport Way
$24,500,000
$174/SF
Building Size
140,693 SF
Asset Type
Industrial
Closing
Feb 6, 2024
AI
The Airport Way Corporate Park in Portland, Oregon, was sold for $24.5 million. The property spans 140,693 square feet and was acquired by Brian Malliet - BKM Capital Partners. The transaction was facilitated by brokers Brett Hartzell, Cara Nolan, and Paige Morgan from CBRE.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $24,500,000
- Address: 12021 Northeast Airport Way
- Market: Portland, OR
- Buyer: Brian Malliet - BKM Capital Partners
- Brokers: Brett Hartzell, Cara Nolan & Paige Morgan - CBRE
- Square Footage: 140,693
- Price Per Square Foot: $174
The acquisition of the Airport Way Corporate Park in Portland, Oregon, for $24.5 million was completed in a joint venture between BKM Capital Partners and BMA Capital Corp. This purchase marks a strategic investment in the industrial market in Portland.
Players
Portland Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93