BKM Capital Partners has acquired Carson Industrial Center in Carson 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. “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, BKM’s senior managing director of acquisitions & dispositions.
“Our business plan should make Carson Industrial Center competitive for a much broader pool of tenants, including users from Torrance and the surrounding area who want South Bay access but need space that meets today’s standards,” said Brian Malliet, BKM’s founder, CEO and CIO.
Turner, with support from Michael Grossner, senior director of acquisitions & dispositions, led BKM team negotiating the transaction. Cushman & Wakefield represented the seller, a global investment advisor.
