BKM Capital Partners has purchased the Valley East Industrial Park in North Hollywood, Calif., for $25.3 million.
The seller was LAIS Equities.
Situated on over two acres at 7041 Vineland Ave., the 84,388-square-foot, light-industrial park will be renamed Backlot NoHo as part of BKM’s repositioning plan.
“We continue to acquire value-add small-bay light industrial properties in markets that are strongly positioned to perform over time,” said Brian Malliet, founder and CEO of BKM. “This market has very limited supply, with vacancy under 2 percent and continued demand for modern space. This acquisition presents significant opportunities for our experienced team to add value, delivering a cutting-edge asset that will stand out as a leader in the Burbank/North Hollywood light industrial market.”
Located in the heart of the San Fernando Valley, Valley East sits adjacent to the Burbank Airport and is near the largest concentration of studio productio
