BKM Capital Partners has acquired Commerce Carlsbad, an eight-building multi-tenant industrial park in Carlsbad, Calif. The project will be renamed “Pacific Coast Industrial Center” as part of BKM’s signature capital improvement program. The purchase price was not disclosed.
Cushman & Wakefield facilitated the transaction as a representative for the seller. BKM represented itself.
“This acquisition presented an opportunity to acquire an asset we’ve had our eyes on for a while,” said Brian Malliet, CEO at BKM. “It was a rare opportunity to acquire an attractive asset in an irreplaceable location just a quarter mile from the ocean.”
Situated at 5205 Avenida Encinas, on a prime, well-located site near Interstate 5 and the Pacific Ocean, the park consists of 129,928 square feet across 62 small-bay units with an average size of 2,515 square feet. Built in 1985, the property features 16-foot to 18-foot clear heights, 66 grade-level loading doors an
