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BKM Capital Partners acquires 250,000sf metro Portland industrial park for $50m
Transactions - OCTOBER 3, 2024

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BKM Capital Partners acquires 250,000sf metro Portland industrial park for $50m

by Released

BKM Capital Partners (BKM) has acquired Tigard Business Park, a 256,084-square-foot light industrial park in the Portland-area city of Tigard, Ore. The $50.7 million acquisition is BKM’s 10th purchase in the Portland Metro Area.

Resting on about 20 acres, Tigard Business Park consists of eight buildings and 33 units ranging in size from 4,700 square feet to 15,000 square feet, providing space for a diverse array of tenant segments. The park is 97 percent occupied, with a weighted average lease term (WALT) of 3.7 years.

The multi-tenant property has been updated recently, including paint schemes, modernized signage, efficient landscaping, and improved roofing, HVAC systems, and parking facilities. The property features 33 grade-level doors, providing another competitive advantage in the market.

“With over two-thirds of the asset already improved, our primary focus will now be on re-tenanting the units as leases roll over,” said Brett Turner, senior managing

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