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BKM Capital Partners Buys 6-Property Otay Mesa Industrial Portfolio

Newport Beach, CA-based BKM Capital Partners acquired the Otay Mesa Industrial Portfolio, a six-property industrial portfolio in San Diego’s Otay Mesa submarket. The property encompasses 14 buildings totaling 703,215 square feet. Cushman & Wakefield represented the seller, Stockbridge Capital Group.

BKM Capital Partners’ Brian Malliet says, “This was a rare opportunity to acquire a portfolio of critical mass at a discount to its replacement cost in one Southern California’s fastest growing submarkets.”

The multi-tenant industrial portfolio is currently 97% occupied by a diverse group of 44 tenants, with in-place rents roughly 24% below market value.

The Otay Mesa Industrial Portfolio is strategically located adjacent to the USA-Mexico international border, one of the busiest border crossings in the Western Hemisphere with an estimated $243 billion of goods exported across it each year.

The Otay Mesa Portfolio includes:
• Borderpoint Business Park, 6754, 6744 & 6794 Calle De Linea
• San Diego International Center, 8830 Siempre Viva Rd.
• Faraday Industrial Park, 2325, 2345, 2365, 2375 Michael Faraday Dr.; 2350 Marconi Place
• Otay Business Center, 6987 & 6995 Calle De Linea
• Frontera Business Center, 2695 Customhouse Court
• Otay Crossing Business Park, 2340 Enrico Fermi Drive & 10025 Siempre Viva Rd.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.