Fund manager BKM Capital Partners recently acquired an award-winning 88,205 square foot light industrial building located near the Las Vegas Strip for $25.9 million. The seller was Terry York Properties and Heller Companies.
The Decatur Business Center is a two-story concrete tilt-up facility that features warehouse, office and showroom space and has been recognized with an NAIOP Spotlight Award for best flex building in Southern Nevada. It is currently fully leased to five high-credit tenants across a wide range of industries. Brian Malliet of BKM commented on the acquisition: “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.” To this end, BKM plans to make enhancements such as improved landscaping and utility efficiency to create a cutting edge space that will appeal to its sophisticated tenancy base at Decatur Business Center which was built in 2008 just minutes away from Interstates 15 & 215 as well as Harry Reid International Airport .
