BKM Capital Partners (BKM) has acquired the Wier Thirty6 Business Park for $21.6 million. BKM acquired Wier Thirty6 in a joint venture with a new, undisclosed institutional partner as part of a recapitalization of the property.
Built in 1986, this 104,146-square-foot property consists of nine freestanding buildings housing 10 units with an average size of 10,415 square feet. The property sits on a 5.8-acre site at 3610-3660 E. Wier Ave. and 4633-4645 S. 36th St. in Phoenix’s Airport submarket. The park features 18-foot-clear heights, five truck wells, 10-foot by 12-foot grade-level doors, and 243 parking spaces, as well as a 48 percent office component. The buildings are fully leased to a diverse array of tenants, including Service Education AZ, RestorationHQ, WSP USA Environment & Infrastructure and the U.S. General Services Administration.
BKM had originally purchased the asset in 2018, when it was known as Diablo Business Center, for $8 million. The firm has s
