BKM Capital Partners based in Newport Beach has acquired four light industrial buildings – two in Sorrento Mesa and two in Carlsbad – for nearly $16.6 million.
The four buildings have a total of 99,187 square feet of space.
The Carlsbad buildings at 6352 and 6354 Corte Del Abeto were developed in 1986 and have 63,893 square feet of space combined on a nearly 5.8-acre site.
The Sorrento Mesa buildings of Waples Industrial Centre were developed in 1988 and include 35,294 square feet of space on a one-acre site.
Mark Avilla, Justin Halenza and Michael Mahoney of Cushman & Wakefield represented the seller, who was not disclosed.
BKM Capital Partners represented themselves.
“This was an excellent opportunity for BKM to acquire a significant portfolio of well-maintained, well located and fully leased properties in two of Southern California’s fastest growing submarkets,” Avilla said. “Carlsbad, a market growth leader in North County, and Sorrento Mesa, a premier tech market set in Central County, have undergone rapid expansion over the last few years and continue to be positioned for long-term commercial growth.”
Halenza said the four buildings have 18 tenants with staggering lease terms.