Updated Aug 13, 2026
LaSalle Investment Management Acquires Industrial Property In Tempe For $112 Million From BKM Capital Partners
7340-7360 South Kyrene Road And 7333-7343 South Hardy Drive
$112,000,000
Units
536,116
Asset Type
Industrial
Closing
Jan 31, 2025
About this deal
AI
The property asset involved in the transaction consists of industrial units located at 7340-7360 South Kyrene Road and 7333-7343 South Hardy Drive in Tempe, AZ. The total asset size is 536,116 square feet, and the transaction was executed for a price of $112,000,000.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $112,000,000.00
- Address: 7340-7360 South Kyrene Road and 7333-7343 South Hardy Drive
- Market: Tempe, AZ
- Units: 536,116
- Buyer: LaSalle Investment Management
- Seller: BKM Capital Partners
The deal was represented by LaSalle Investment Management as the buyer and BKM Capital Partners as the seller. The transaction took place on January 31, 2025, marking a significant change in ownership for the industrial asset.
Players
Tempe Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93