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JV Expands California Industrial Portfolio With East Bay Purchase

Cabot Business Park in Hayward

BKM Capital Partners and Canyon Partners Real Estate acquired Cabot Business Park in Hayward. The 139,664 SF multi-tenant industrial property is the second investment from BKM’s programmatic JV with Canyon Catalyst Fund. The JV acquired Ponderosa Technology Park in San Diego in June.

“Hayward is quickly becoming a key infill industrial market with unique connectivity to the major transportation infrastructure and leading Bay Area employment centers,” BKM co-founder and CEO Brian Malliet said.

Continued growth has led to low vacancy of less than 1% for multi-tenant industrial products, according to BKM Director of Acquisitions Brett Turner. The property is 91% occupied and the JV will focus on retaining high-quality tenants as it works on capital improvements to the property.

The nearly 11-acre, four-building property was built in 1986. Units average about 2,800 SF, but can be combined or divided depending on the tenant’s needs.