TWINS BUSINESS PARK
Project Summary
date acquired
May 2016
location
Tempe, AZ
size
120,496 SF
units
19
year built
1979
Investment Summary
BKM Capital Partners originally acquired Twins Business Park in May 2016. Seeing further value to be had, BKM recapitalized the asset in September 2021. Located in Tempe, AZ, the 120,496 square-foot multi-tenant business park consists of two buildings with 19 units.
The property is centrally located near Sky Harbor Airport, Arizona State University, and has easy access to I-10, I-143, I-202, I-101, and I-60 freeways. 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.