{"id":1004165133,"date":"2017-01-26T08:49:40","date_gmt":"2017-01-26T16:49:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004165133"},"modified":"2022-12-08T07:45:51","modified_gmt":"2022-12-08T15:45:51","slug":"bkm-sells-industrial-asset-in-portland","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bkm-sells-industrial-asset-in-portland\/","title":{"rendered":"BKM Sells Industrial Asset in Portland"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004165135\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/47-043-Hayden_1.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004165135\" data-attachment-id=\"1004165135\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bkm-sells-industrial-asset-in-portland\/47-043-hayden_1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/47-043-Hayden_1.jpg\" data-orig-size=\"800,456\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"(47-043) Hayden_1\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/47-043-Hayden_1.jpg?w=800\" class=\"wp-image-1004165135 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/47-043-Hayden_1.jpg\" alt=\"Hayden Island Business Park\" width=\"300\" height=\"171\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/47-043-Hayden_1.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/47-043-Hayden_1.jpg?resize=300,171 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/47-043-Hayden_1.jpg?resize=768,438 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004165135\" class=\"wp-caption-text\">Hayden Island Business Park<\/p><\/div>\n<p><strong>Portland, Ore.<\/strong>\u2014BKM Capital Partners has sold the first three multi-tenant industrial business parks in its debut fund, which includes a 223,009-square-foot multi-tenant industrial building and a 137,603-square-foot industrial complex in Las Vegas and a 98,516-square-foot business park in Portland.<\/p>\n<p>BKM repositioned and leased up all three assets, ultimately achieving an IRR of 38.5 percent and a 2.4 multiple at the Portland property, Hayden Island Business Park.<\/p>\n<p>The company initially acquired the asset in 2014. During its ownership, BKM implemented a series of capital improvements including modernizing signage, updating the paint scheme and new landscaping.<\/p>\n<p>\u201cBy integrating these cosmetic upgrades, we were able to bring the property up to 98-percent occupancy with rents more in line with market,\u201d Brett Turner, BKM\u2019s director of acquisitions, said in a statement. \u201cWe more than doubled rental rates. This created strong stabilized in-place cash flow, further adding to the appeal of the property.\u201d<\/p>\n<p>The property is located at 2400-2422, 2511-2527, 2535-2541 and 2701-2703 N. Hayden Island Drive in Portland. David Hill at Newmark Grubb Knight &amp; Frank represented BKM Capital Partners, the seller in this transaction.<\/p>\n<p><em>Image courtesy of BKM Capital Partners<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BKM sold Hayden Business Park, a 98,516-square-foot business park in Portland, Ore.<\/p>\n","protected":false},"author":436,"featured_media":1004165135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21742,28440,15],"tags":[33648],"class_list":["post-1004165133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-latest","category-portland","category-west","tag-bkm-capital-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BKM Sells Industrial Asset in Portland - 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She joined the CPE-MHN team in 2016 and is writing real estate related news, blog articles, reports and Q&amp;As. \ud83d\udce7 You can reach out to her at adina.rogoz@cpe-mhn.com\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/adina-rogoz\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"BKM Sells Industrial Asset in Portland - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/bkm-sells-industrial-asset-in-portland\/","og_locale":"en_US","og_type":"article","og_title":"BKM Sells Industrial Asset in Portland","og_description":"BKM sold Hayden Business Park, a 98,516-square-foot business park in Portland, Ore.","og_url":"https:\/\/www.commercialsearch.com\/news\/bkm-sells-industrial-asset-in-portland\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-01-26T16:49:40+00:00","article_modified_time":"2022-12-08T15:45:51+00:00","og_image":[{"width":800,"height":456,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/47-043-Hayden_1.jpg","type":"image\/jpeg"}],"author":"Adina Rogoz","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/bkm-sells-industrial-asset-in-portland\/","url":"https:\/\/www.commercialsearch.com\/news\/bkm-sells-industrial-asset-in-portland\/","name":"BKM Sells Industrial Asset in Portland - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/bkm-sells-industrial-asset-in-portland\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/bkm-sells-industrial-asset-in-portland\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/47-043-Hayden_1.jpg","datePublished":"2017-01-26T16:49:40+00:00","dateModified":"2022-12-08T15:45:51+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/bkm-sells-industrial-asset-in-portland\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/bkm-sells-industrial-asset-in-portland\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/bkm-sells-industrial-asset-in-portland\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/47-043-Hayden_1.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/47-043-Hayden_1.jpg","width":800,"height":456},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/bkm-sells-industrial-asset-in-portland\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"BKM Sells Industrial Asset in Portland"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8","name":"Adina Rogoz","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Adina-Rogoz.jpg?w=78","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Adina-Rogoz.jpg?w=78","caption":"Adina Rogoz"},"description":"Adina Rogoz is a Senior Associate Editor with Commercial Property Executive and Multi-Housing News. 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