BROADWOOD BUSINESS PARK
Project Summary
date acquired
January 2020
location
Mesa, AZ
size
156,129 SF
units
34
year built
1987
Investment Summary
In January 2020, BKM Capital Partners completed the acquisition of Broadwood Business Park, located in Mesa, AZ. The 156,129 square-foot multi-tenant business park consists of 11 buildings with 34 units.
The property is located near Arizona State University and Tempe’s commercial business district alongside the SR-101, providing excellent access to Scottsdale and the entire Southeast Valley. The asset has undergone a cosmetic overhaul through BKM's signature capital improvements package, including a refreshed paint scheme, upgraded signage, and modernized landscaping. BKM also addressed deferred maintenance on roofing, HVAC, and parking lot. BKM's in-house property management and leasing teams will work diligently to drive new leasing activity while maximizing asset performance.