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Brian Malliet Of BKM Capital Partners Acquires Portland Industrial Asset For $24.5M

Property Image
SOLD
$24,500,000
Paige Morgan
Brett Hartzell
Cara Nolan

Oregon

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Industrial140,693 SF
Sold 02/06/2024
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Property Image
SOLD

Brian Malliet Of BKM Capital Partners Acquires Portland Industrial Asset For $24.5M

12021 Northeast Airport Way

See Similar Deals
Industrial140,693 SF
Sold 02/06/2024
Paige Morgan
Brett Hartzell
Cara Nolan
the dealplayerscompscontact
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Summary

OREGON
Asset Type:Industrial
Price Per Square Foot:$174
Total Square Footage:140,693 SF
Transaction Type:Sale

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

Brett Hartzell
CBRE
Brett Hartzell
12 deals$789M volume
BROKER
Paige Morgan
CBRE
Paige Morgan
9 deals$535M volume
BROKER
Cara Nolan
CBRE
Cara Nolan
2 deals$74.4M volume(503) 221-4840
BROKER

Details

SOLD
IMAGE: Brian Malliet, Brett Hartzell, Cara Nolan & Paige Morgan DATE: 02/06/2024 ADDRESS: 12021 Northeast Airport Way MARKET: Portland, OR ASSET TYPE: Industrial BUYER: Brian Malliet - BKM Capital Partners BROKERS: Brett Hartzell, Cara Nolan & Paige Morgan - CBRE SALE PRICE: $24,500,000 SF: 140,693 ~ PPSF: $174 NOTE: BKM Capital Partners, in a joint venture with BMA Capital Corp, has purchased the Airport Way Corporate Park in Portland, Oregon, for $24.5 million.

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

$1,306,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$87,043.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$116,142.50
Annual Debt Service$1,393,709.99