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BKM Capital Partners Acquires Industrial Property Northwest Business Park In Phoenix For $43M
SOLD
$43,000,000
Arizona
See Similar DealsIndustrial464,000 SF
Sold 03/19/2026
SOLD
BKM Capital Partners Acquires Industrial Property Northwest Business Park In Phoenix For $43M
2310 West Mission Lane & 2440 West Mission Lane
See Similar DealsIndustrial464,000 SF
Sold 03/19/2026
Summary
ARIZONA
Asset Type:Industrial
Price Per Square Foot:$92
Total Square Footage:464,000 SF
Transaction Type:Sale
Northwest Business Park, an industrial property located at 2310-2440 West Mission Lane in Phoenix, AZ, was sold for $43 million. This asset spans 232,000 square feet and comprises 11 buildings, with 94% of the space currently leased.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $43,000,000
- Square Footage: 232,000
- Price Per Square Foot: $185
- Buyer: BKM Capital Partners
- Market: Phoenix, AZ
The acquisition was made by BKM Capital Partners on behalf of its Industrial Value Fund III, indicating a strategic investment focus in the industrial sector within the Phoenix market.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,293,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$152,769.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$203,841.94
Annual Debt Service$2,446,103.25
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