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5/02/23
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BKM Capital Partners, in a joint venture partnership with TerraCore Capital, has acquired Decatur Business Center in Las Vegas for $25.9 mil. The 88.2k sf ($294/sf) light industrial property was sold by Terry York Properties and Heller Companies.
Located at 5475 S. Decatur Blvd in Clark County’s southwest submarket, Decatur Business Center features warehouse, office and showroom space in a two-story concrete tilt-up facility. It is fully leased to five high-credit tenants across a wide range of industries.
Built in 2008, Decatur Business Center sits minutes away from the Las Vegas Strip, Interstates 15 and 215 and the Harry Reid International Airport. Proximity to major population centers has made Southern Nevada one of the most sought-after and fastest-growing industrial corridors in the Western US, with rents expected to trend up steadily over the next five years.
The property features warehouse space with 32-foot minimum clear ceiling heights, high-performance glass skylights, ESFR-capable sprinklers, a common loading dock and 12- by 14-foot grade-level overhead doors and 480v 3-phase power, as well as ample parking. BKM plans to make enhancements to improve landscaping and utility efficiency, creating a cutting-edge space that will appeal to the asset's sophisticated tenancy.
BKM represented itself in the off-market transaction. According to BKM Founder and CEO, Brian Malliet. The firm acquires well-built, well-located properties where they can add value through strategic management and thoughtful capital upgrades.
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