BKM divests Carlsbad Light Industrial

Cushman & Wakefield advised on the sale of Arroyo Business Center, a 64,045-square-foot multi-tenant light industrial park in Carlsbad. The property was purchased by a global private equity firm for $19.3 million. The seller was Newport Beach-based BKM Capital Partners.

Bryce Aberg, Jeff Chiate, Jeff Cole and Ryan Demarest of Cushman & Wakefield National Industrial Investment Advisory Group in Southern California represented BKM. Brant Aberg, Conor Boyle and Tyler Stemley of Cushman & Wakefield provided leasing advice.

“The Arroyo Business Center offers an excellent image, stable cash flow and below-market rates, offering attractive value-add potential for the buyer,” said Aberg. “The project’s revenue stability is met with a market valuation opportunity to enhance value through future renewal and new leasing activity at stronger rents based on continued demand for light industrial products as evidenced by the project’s occupancy rate.”

Located at 6352 and 6354 Corte Del Abeto, the North San Diego County industrial property consists of two buildings and was 93.8% leased to 10 tenants across multiple industries.