BKM Capital Partners purchased the Hannover Industrial Park in Fremont for $43 million. The 165,243-square-foot property, acquired in an off-market transaction from an unnamed private seller, is located in Silicon Valley’s high-demand I-880 Corridor.

Located at 4755–4900 Hannover Pl. and 4377 & 43815 S Grimmer Blvd., the park consists of six buildings housing nine units with an average size of 18,360 square feet. At 74% occupancy, the project presents an opportunity to lease up about a quarter of the net rentable area. BKM plans to implement $1.3 million of targeted capital improvements, including speculative tenant improvements to the three vacant suites.

“Our ability to secure this deal off-market and at a discount to the seller’s original 2023 purchase price speaks to the strength of our sourcing relationships and our status as a preferred buyer for institutional-grade assets,” said Brett Turner, senior managing director of acquisitions & dispositions at BKM.

June 18 is the day to join industry-leading experts as they explore the most important topics in today’s CRE markets. Register to attend and hear expert insights first-hand, network with the best in the industry, and sit in on discussions you won’t hear anywhere else. The 9th Annual Connect Los Angeles 2025, June 18 at the Intercontinental Los Angeles Downtown.