BKM Capital Partners, an institutional fund manager and operator focused exclusively on small- and mid-bay light industrial properties across the United States, has acquired Goldenwest Circle Business Park in Westminster, Calif., for $62 million. BKM purchased the 12-building park in an off-market transaction on behalf of BKM Industrial Value Fund III.
Goldenwest Circle Business Park sits on 12.3 acres at Bolsa Avenue and Interstate 405, with direct frontage on one of Southern California’s most heavily traveled freeways. The fully occupied, 231,000-square-foot park comprises 36 units ranging from 1,700 to 20,000 square feet, averaging about 6,400 square feet. Its buildings, each of which sits on its own parcel, offer 14- to 20-foot clear heights, ground-level loading and ample parking and truck space.
That frontage gives the property a level of visibility few industrial parks can offer. Its largest tenant, Huntington Beach Harley-Davidson, operates one of the brandâ€
