BKM Capital Partners (BKM) has recently completed the acquisition of SeaTac Industrial Park, located in SeaTac, Washington. The property was purchased for a total of $29 million and spans 129,677 square feet. This prime industrial market is situated in the Seattle metro area.
According to Brett Turner, Senior Managing Director of Acquisitions & Dispositions at BKM, “SeaTac Industrial Park is a highly sought-after asset due to its cross-dock functionality and limited availability in this submarket.” He also noted that with a significant discount compared to replacement cost, this investment has great potential for growth and returns for investors.
The park consists of three buildings with 18 units ranging from 1
