BKM Capital Partners acquires 450,000sf light industrial park in metro Portland

BKM Capital Partners has announced the acquisition of 217 Distribution Center, a five-building, multi-tenant industrial park in Metro Portland, Ore. An institutional investor sold the 451,062-square-foot asset for an undisclosed price.

Situated at 10950­–11065 SW 11th St. in the city of Beaverton, the 1970s-era property is comprised of 13 units ranging in size from 9,945 to 67,459 square feet. It features 68 dual-dock-high and 12 grade-level loading capabilities, up to 24-foot-clear heights, and access to 14 railway dock doors. Less than 9 percent of its total footprint consists of office space.

“This transaction presented a prime opportunity to acquire a critical mass of infill light industrial square footage at a nearly 50 percent discount to replacement cost in one of our target markets,” stated Brett Turner, senior managing director of acquisitions and dispositions at BKM. “The Beaverton industrial submarket is greatly supply constrained, with a 2.5 percen