BKM Capital Partners, a real estate fund manager and operator focused exclusively on small- and mid-bay light industrial properties across the United States, has acquired Carson Industrial Center in Carson, Calif., for $95 million. The 429,000-square-foot, multi-tenant campus sits on more than 20 acres in Los Angeles’ South Bay submarket and was purchased on behalf of BKM Industrial Value Fund III.
The 11-building campus traded at a significant discount to replacement cost, reflecting the repricing that has moved through Southern California industrial over the past two years and the opportunity it has created for investors willing to underwrite the submarket’s long-term fundamentals.
“The repricing in Southern California industrial has created real opportunities to acquire well-located assets at a basis that simply wasn’t available a few years ago,” said Brett Turner, senior managing director of acquisitions & dispositions at BKM. “While we remain selec
