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6/23/26
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BKM Capital Partners has acquired Carson Industrial Center, a 429k sf, multi-tenant light industrial campus in Carson, for $95 mil ($221/sf). The property was acquired 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.
Carson Industrial Center, covering over 20 acres, offers 20 units with an average unit size of 21k sf. It also features a combined 79 dock-high and grade-level doors, 14- to 21-foot-clear ceiling heights, and parking for 651 vehicles. The property is currently 73% occupied by a tenant mix led by manufacturing, alongside freight logistics, signal and connectivity solutions, luxury handbag distribution, and novelty toy importers. Each of its 11 single-story buildings sits on its own parcel, and five are freestanding with private yards and frontage along Del Amo Boulevard.
BKM has allocated more than $6 mil to reposition the property and bring it up to today’s standards, including improvements to second-generation space. The renovation program will reconfigure and upgrade vacant units while also addressing exterior deferred maintenance and introducing new signage and landscaping across the campus.
Located at the southeast corner of Del Amo Blvd and Tillman Ave, Carson Industrial Center provides direct access to I-405, I-710, I-91 and I-110 within three miles, as well as proximity to a population of more than 4.5 million people within a 30-minute drive. The property sits roughly 20 minutes from the Ports of Los Angeles and Long Beach, the largest port complex in the Western Hemisphere. As the point of entry for roughly 31% of U.S. container trade, it generates persistent structural demand for South Bay industrial space from importers, third-party logistics providers and last-mile distributors.
“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 Chief Investment Officer. “The campus also has a structural advantage that is rare at this scale: having each building on its own tax parcel gives us meaningful flexibility as we execute, including the ability to sell individual buildings to owner-users over time if market conditions support it.”
A Cushman & Wakefield team of Jeff Chiate, Rick Ellison, Jeff Cole, Matt Leupold and Aubrie Monahan represented both the seller, an institutional real estate firm, and the buyer, BKM, in the transaction. Brett Turner, BKM’s Senior Managing Director of Acquisitions & Dispositions, with support from Michael Grossner, Senior Director of Acquisitions & Dispositions, led the BKM in-house team negotiating the transaction.
The South Bay is the largest industrial submarket in Los Angeles at 200 msf, with a direct vacancy rate of 5.8% and less than 400,000 square feet currently under construction.
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