Jan
26
BKM Sells Industrial Asset in Portland
ByBKM sold Hayden Business Park, a 98,516-square-foot business park in Portland, Ore.
Hayden Island Business Park
Portland, Ore.—BKM Capital Partners has sold the first three multi-tenant industrial business parks in its debut fund, which includes a 223,009-square-foot multi-tenant industrial building and a 137,603-square-foot industrial complex in Las Vegas and a 98,516-square-foot business park in Portland.
BKM repositioned and leased up all three assets, ultimately achieving an IRR of 38.5 percent and a 2.4 multiple at the Portland property, Hayden Island Business Park.
The company initially acquired the asset in 2014. During its ownership, BKM implemented a series of capital improvements including modernizing signage, updating the paint scheme and new landscaping…
