Popular on Rezul
- Philanthropic Coalition Challenges MrBeast
- 11th annual Florida Blueberry Festival April 26 & 27, 2025
- Homeowners Turn to Smart Kitchen Remodeling Companies in Fort Lauderdale
- Tec-Masters to Support In-Space Testing of Honda Regenerative Fuel Cell Technology on the International Space Station
- CriptoAuge's Technological Breakthroughs Paving the Way for Cryptocurrency to Enter the Mainstream
- The Villages Welcomes NexGen Laser Pain and Rehab Centers—Revolutionizing Pain Management with MLS Laser Technology
- Introducing The Lead Nurturer: A Curated Hub for Digital Strategy, Lead Generation, and Business Growth Conversations
- One Home Service Names Perfect Touch Painting as Broward County's #1 Painting Company for 2025
- Spring Special: Say Goodbye to Lice Removal to a Convenient Location in Conroe, TX
- Transform Your Home with Expert Kitchen Remodeling Near Bloomington, MN
Similar on Rezul
- Irondale at Wharton Hits 100% Leased Milestone
- New Build-to-Suit VA Medical Office Facility Coming to Highland Heights, KY
- Felician Sisters of North America Announce Partnership with City of Livonia
- Family Office Real Estate Institute Announces Exclusive Investment Forum
- Liquified Solutions a featured exhibitor at the 2025 Senior Living Executive Conference
- Silva Construction Gives Advice on Home Remodeling Trends for 2025
- BKM's Senior Managing Director of Operations, Susan Rounds, and Associate Director of Design, Koren Mercer, Honored as 2025 Women of Influence
- K2 Integrity and Sonata One Partner to Accelerate Capital Raising, Reduce Risk, and Deliver Scalable Advisory Services for Private Fund Managers
- Coming Up on "Financial Freedom with Tom Hegna" Financial Expert Parker Faulkner
- Kemeny, Ramp & Renaud, LLC Welcomes Prominent Trusts and Estates Attorney Gary B. Cornick to Its Firm
BKM Capital Partners Unveils Latest Value-Add Case Study, Showcasing 45% NOI Growth Through Strategic Repositioning
Rezul News/10696965
Firm reports impressive leasing and operational results at West Valley Business Park in Kent, WA.
NEWPORT BEACH, Calif. - Rezul -- BKM Capital Partners, a leading institutional fund manager specializing in value-add light industrial real estate, is proud to release its latest case study highlighting the successful repositioning of West Valley Business Park in Kent, Washington. The comprehensive report details the firm's strategic execution, capital improvements, and leasing outcomes that delivered an impressive 45% increase in Net Operating Income (NOI) and an 87% surge in average lease rates over the hold period.
Acquired in late 2019 for $30.5 million, West Valley Business Park offered a unique value-add opportunity. Spanning 17 acres and comprising 19 buildings with 180 units, the property was initially under-managed and significantly office-heavy, with a 74% office buildout. BKM recognized the opportunity to unlock value by modernizing the asset and tailoring it to meet local tenant demand for more functional, flexible industrial space.
More on Rezul News
"West Valley Business Park is a prime example of our ability to reposition overlooked industrial assets in supply-constrained submarkets," said BKM Managing Director Brett Turner. "By aligning physical improvements with operational enhancements, we delivered a superior product to tenants while driving strong returns for our investors."
BKM implemented a $7.7 million capital improvement plan, which included:
More on Rezul News
Located in the Kent Valley, one of Seattle's most sought-after industrial corridors, the property also benefited from favorable market dynamics, including a lack of new supply and strong tenant demand from the region's diverse economic base, including technology, logistics, and advanced manufacturing.
The full case study is available for download at here: https://content.bkmcapitalpartners.com/west-valley-value-add-case-study offering a deeper dive into BKM's value creation strategy, design vision, and investment results at West Valley Business Park.
Acquired in late 2019 for $30.5 million, West Valley Business Park offered a unique value-add opportunity. Spanning 17 acres and comprising 19 buildings with 180 units, the property was initially under-managed and significantly office-heavy, with a 74% office buildout. BKM recognized the opportunity to unlock value by modernizing the asset and tailoring it to meet local tenant demand for more functional, flexible industrial space.
More on Rezul News
- OpsVeda Announces Launch of TariffSight, the World's First Comprehensive Platform to Address Tariff-Driven Challenges
- MAJOR New release of Krypto500 (ELF-HF) Sigint - COMINT software
- New Build-to-Suit VA Medical Office Facility Coming to Highland Heights, KY
- Felician Sisters of North America Announce Partnership with City of Livonia
- Family Office Real Estate Institute Announces Exclusive Investment Forum
"West Valley Business Park is a prime example of our ability to reposition overlooked industrial assets in supply-constrained submarkets," said BKM Managing Director Brett Turner. "By aligning physical improvements with operational enhancements, we delivered a superior product to tenants while driving strong returns for our investors."
BKM implemented a $7.7 million capital improvement plan, which included:
- $1.46 million in cosmetic upgrades, such as a new paint scheme, modern signage, and landscape redesign.
- $2.21 million in structural improvements, including HVAC replacements, roof repairs, and extensive interior renovations.
- Interior conversions that reduced the overbuilt office footprint and subdivided units into small-bay configurations, better aligning with local tenant profiles.
More on Rezul News
- Fairfield Inn by Marriott Scottsdale Old Town Opens
- Liquified Solutions a featured exhibitor at the 2025 Senior Living Executive Conference
- Silva Construction Gives Advice on Home Remodeling Trends for 2025
- BKM's Senior Managing Director of Operations, Susan Rounds, and Associate Director of Design, Koren Mercer, Honored as 2025 Women of Influence
- Pelican Reef Group Announces Grand Opening of New High Point Showroom – IHFC Building H-621 & Event April 27th, 2025
Located in the Kent Valley, one of Seattle's most sought-after industrial corridors, the property also benefited from favorable market dynamics, including a lack of new supply and strong tenant demand from the region's diverse economic base, including technology, logistics, and advanced manufacturing.
The full case study is available for download at here: https://content.bkmcapitalpartners.com/west-valley-value-add-case-study offering a deeper dive into BKM's value creation strategy, design vision, and investment results at West Valley Business Park.
Source: BKM Capital Partners
Filed Under: Real Estate
0 Comments
Latest on Rezul News
- Blue Ocean Business School's Deputy Dean Delivers Keynote Address at India Blockchain Summit
- Morgan Porter Earns Broker Associate Title at Parkside Realty Group
- AdvisorVault's Consolidated 17a-4 D3P Service® Full Feature Set Available
- Most Common Car Accidents In America
- Co-Creating the Future of ePaper: ZKONG and E Ink at Touch Taiwan 2025
- New York Times Exposé Vindicates CCHR: ADHD Isn't Biological, Says Watchdog
- HISTORIC FIRST The First Belief System In Human History To Formally Enshrine The Innate Divinity Of The Infant As Civilization's Central Moral Axis
- Stuck in Place? Why Homeowners Are Building Up Instead of Moving Out
- Crafting the Sound of VS Pop™: The Vision of CR Srikanth
- Boston Industrial Solutions, Inc., introduces Rubber and Foam Printing Ink
- LiveDataLink Launches Real Estate Scouting Services in Atlanta for Individuals and Investors
- FeelWise to Exhibit at ATD 2025 International Conference & EXPO in Washington, DC
- Webinar Announcement: Mexico's Evolving AML/CFT Environment: FATF Review and FTO Designations
- Two rare waterfront parcels totaling 4.4 acres in Palmetto hit market
- Damian Redd's "Caught in a Fantasy" Surpasses 100,000 Views on VEVO/YouTube Following Album Reissue
- "May the Fourth Be With You" Epic Star Wars Day Run/Walk in Alexandria, Va
- Museum Hack Presents Hacked Gala: A Rebellious Night of Art, Fashion, and Change at the Met
- Mesa West Capital Originates $134 Million Loan to Refi UGA Student Housing Community
- Artist Séfora Camazano Honored with Prestigious Prize "The New Great Masters in New York"
- MoMojo Records announces posthumous album from Kip London