Trending...
- California: Governor Newsom statement on passage of Trump's "Big, Beautiful Betrayal"
- California: Governor Newsom announces appointments 7.2.25
- California: Governor Newsom signs legislation 7.3.25
NEWPORT BEACH, Calif. - Californer -- BKM Capital Partners has released a comprehensive new case study detailing the firm's transformative repositioning of Hughes Airport Center, a 670,902-square-foot multi-tenant industrial campus located in the heart of Las Vegas' premier airport submarket. The case study highlights BKM's ability to drive long-term value creation through targeted capital improvements, tenant-focused upgrades, and operational excellence.
Originally acquired in 2018 at a significant discount to replacement cost, Hughes Airport Center provided an opportunity to revitalize a Class-A campus with outdated configurations and underperforming operations. Over the six-year hold period, BKM implemented a $9.2 million improvement plan and executed 88 leases, converting over 260,000 square feet of office-heavy space into highly functional small-bay industrial suites. The result: a 41% increase in net operating income, a 45% lift in in-place rents, and an average occupancy rate of 96%.
More on The Californer
"This case study exemplifies how our vertically integrated platform and disciplined strategy deliver strong outcomes for our investors while meeting the evolving needs of industrial tenants," said Brett Turner, Senior Managing Director, Acquisitions and Dispositions at BKM Capital Partners. "From infrastructure upgrades to cosmetic transformations, every improvement at Hughes Airport Center was designed to elevate performance and tenant experience."
Las Vegas remains one of the fastest-growing industrial markets in the Western U.S., with strong logistics fundamentals, regional connectivity, and consistent demand for functional small-bay space. The case study not only captures BKM's successful execution in this context, but also underscores its market leadership across the metro, where the firm owns and operates more than 2.8 million square feet across 15 assets.
Read the full case study here: https://content.bkmcapitalpartners.com/hughes-airport-center-case-study
Originally acquired in 2018 at a significant discount to replacement cost, Hughes Airport Center provided an opportunity to revitalize a Class-A campus with outdated configurations and underperforming operations. Over the six-year hold period, BKM implemented a $9.2 million improvement plan and executed 88 leases, converting over 260,000 square feet of office-heavy space into highly functional small-bay industrial suites. The result: a 41% increase in net operating income, a 45% lift in in-place rents, and an average occupancy rate of 96%.
More on The Californer
- Wise Business Plans® Earns Top Ratings as Leading Authority in Professional Business Plans
- Coming Up On this Week's Podcast "Financial Freedom with Tom Hegna" Kari Ellis
- Voices for Humanity Builds a Better Future for Ghana with Richmond Atta-Williams
- Haunted Doll House at The Gregangelo Museum
- Mystical Insights at the Gregangelo Museum
"This case study exemplifies how our vertically integrated platform and disciplined strategy deliver strong outcomes for our investors while meeting the evolving needs of industrial tenants," said Brett Turner, Senior Managing Director, Acquisitions and Dispositions at BKM Capital Partners. "From infrastructure upgrades to cosmetic transformations, every improvement at Hughes Airport Center was designed to elevate performance and tenant experience."
Las Vegas remains one of the fastest-growing industrial markets in the Western U.S., with strong logistics fundamentals, regional connectivity, and consistent demand for functional small-bay space. The case study not only captures BKM's successful execution in this context, but also underscores its market leadership across the metro, where the firm owns and operates more than 2.8 million square feet across 15 assets.
Read the full case study here: https://content.bkmcapitalpartners.com/hughes-airport-center-case-study
Source: BKM Capital Partners
Filed Under: Real Estate
0 Comments
Latest on The Californer
- California: Acting Governor Eleni Kounalakis proclaims Disability Pride Month
- CHRIS EDMONDS JOINS CITY NATIONAL BANK AS EXECUTIVE VICE PRESIDENT, HEAD OF COMMERCIAL AND NATIONAL CORPORATE BANKING
- Radarsign Tackles Intersection Safety with Launch of Grid-Free Solar LED Stop Sign
- California: $35 million to law enforcement partners to keep communities safe from impaired driving
- Curtis Sergeant's Book The Only One Continues to Equip Christians to Live Fully in by and for God
- IFYA Announces New Froyo Heaven Art Contest
- Miami Real Estate Agent Drastically Increases Interest In Homes
- Adostics & Genmega Announce the Introduction of A-POD
- Auto Careers Online Secures Top Dealers' Choice Award for Eighth Consecutive Year
- MANTL Becomes First Fintech to Offer Plaid Layer
- LIB and Nidec Rejoin Forces for Giant TH-0098 Temperature Humidity Test Chamber
- California: Governor Newsom commits $101 million to jumpstart critical rebuilding efforts after LA Fires
- Stash Proof Launches Free Shipping on All Orders Nationwide
- John Duffy Hosts Sister Irene Neill, Founder and President, and Kelly Mallon Young
- Changzhou Huifeng Vehicle Parts Factory expands U.S. distribution operations
- California: Governor Newsom announces additional crews to assist Texas search and rescue operations
- Heritage at South Brunswick Offers Immediate Townhome Appointments and Special Mortgage Incentive Fast-Moving Sales
- Sam Sammane wins Literary Titan Award for Republic of Mars, a haunting sci-fi debut on memory
- Fair Trade LA, The Tote Project, and Fair Trade USA™ Distribute 100 "Fair Care Packages" to Families Affected by Los Angeles Fires