BKM Capital Partners, a vertically integrated institutional fund manager specializing in multi-tenant light industrial real estate, has acquired Northwest Business Park in Phoenix for $43 million. The acquisition was completed on behalf of BKM Industrial Value Fund III and has been renamed Central Valley Industrial Park as part of BKM’s rebranding program.
Located at 2310–2440 West Mission Lane in Phoenix’s Northwest Valley, the property comprises 232,000 square feet in 11 buildings across 17.6 acres. Its 69 units are 94 percent occupied, with an average unit size of approximately 3,365 square feet. The asset features contemporary finishes, extensive glass lines, frontage along Dunlap Avenue, efficient loading areas and direct access to Interstate 17, Loop 101, and State Road 51, positioning it within one of Phoenix’s most accessible and amenity-rich industrial corridors.
“This is a true infill asset in a submarket where fundamentals continue to outperform th
