BKM Capital Partners acquires 153,000sf infill light industrial park in Las Vegas

BKM Capital Partners has acquired Escondido Business Park, a two-building, 0multi-tenant light industrial park in the Airport submarket of Las Vegas. The 153,368-square-foot, small-bay property will be upgraded and rebranded as Skyport Industrial Park.

“BKM has been an active player in the Las Vegas light-industrial market since inception, and our track record in the market is well known,” said Brett Turner, senior managing director of acquisitions and dispositions at BKM. “When we were presented with the opportunity to buy Escondido, we acted quickly, knowing we were getting a very well-located asset at a 47 percent discount to replacement cost. This transaction brings our local portfolio to more than 2.6 million square feet across 14 assets.”

Built in 1995, Escondido is composed of two concrete block buildings that are fully leased to two tenants. The property features 24-foot-clear ceiling heights, ESFR sprinklers, a 150-foot truck court, and parking for 65