NORTHWEST BUSINESS PARK
Project Summary
date acquired
February 2017
location
Phoenix, AZ
size
227,603 SF
units
44
year built
1981-85
Investment Summary
BKM Capital Partners originally acquired Northwest Business Park in February 2017. Seeing further value to be had, BKM recapitalized the asset in July 2021. Located in Phoenix, AZ, the 227,603 square-foot multi-tenant business park consists of 11 buildings with 44 units.
The property is strategically located directly off I-17, one of Metro-Phoenix’s key north-south transportation corridors providing unparalleled access to the entire metro area. 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 HVAC units, roofing, and the parking lot. BKM's in-house property management and leasing teams will work diligently to drive new leasing activity while maximizing asset performance.