BKM Picks up Trophy Las Vegas Industrial Property

Fund manager BKM Capital Partners acquired an award-winning 88,205 square foot light industrial building located near the Las Vegas Strip, for $25.9 million. Terry York Properties and Heller Companies was the seller.

The Decatur Business Center features warehouse, office and showroom space in a two-story concrete tilt-up facility. The building is an NAIOP Spotlight Award recipient for best flex building in Southern Nevada. It is fully leased to five high-credit tenants across a wide range of industries.  

BKM’s Brian Malliet added, “It fits right in line with our strategy of acquiring well-built, well-located properties where we can add value through strategic management and thoughtful capital upgrades.” 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. Built in 2008, Decatur Business Center sits minutes away from Interstates 15 and 215 and the Harry Reid International Airport.