DESERT VISTA COMMERCE CENTER

PROJECT SUMMARY

DATE ACQUIRED

Jan. 2016

LOCATION

Tempe, AZ

SIZE

98,687 SF

TENANTS

12

YEAR BUILT

1998

MARKET
REGION

The city of Tempe is located just east of Sky Harbor International Airport, south of Scottsdale, west of Mesa and north of Chandler. As one of the metropolitan area’s most prominent cultural and employment centers, Tempe has over 160,000 residents and is home to Arizona State University, the nation’s largest university by enrollment with over 70,000 students and 11,000 employees. ASU’s economic impact is estimated to equal $4 billion, making it one of the state’s most important economic engines in terms of workforce education, cultural contributions, and commercial development. The city crossed by the Loop-101 and Loop-202, two of the greater Phoenix area’s most developed arterial freeways.

CORPORATE ENVIRONMENT

Tempe provides one of the nation’s most well-educated labor pools, with 40% of residents earning a Bachelor’s Degree or higher. The city is also home to the state’s largest concentration of technology firms; this list includes Medtronic, Microsoft, GoDaddy, Insight Enterprise (a Fortune 500 company), and more. Approximately 20% of Tempe’s employment is in the technology sector and over 500 local companies are considered tech firms, giving the area its “Silicon Desert” reputation. The largest employers in Tempe are Arizona State University, Maricopa Community Colleges, Safeway Inc., SRP, Wells Fargo, Honeywell, US Airways, and Freescale Semiconductor.

LOCAL AREA

Tempe is known for its college-town personality and 24/7 entertainment, shopping, dining, and park amenities in locations such as the Mill Avenue District, a nightlife destination for the entire Phoenix area. Tempe is also home to the Sun Devil Stadium and the Fiesta Bowl Block Party, one of the nation’s largest New Year’s Eve celebrations and sporting events. The city offers a live-work-play combination that has created significant inflow of office, retail, and residential developments including the construction of 3.400 multi-family residential units and a 2-million-square-foot State Farm Insurance corporate campus.

PROJECT PHOTOS
BKM CAPITAL PARTNERS

 

Headquartered in Newport Beach, California, BKM Capital Partners is a fund manager specializing in the acquisition and improvement of value-add multi-tenant industrial properties in metro areas across the Western U.S. Combining a deep knowledge of this niche industrial product type with in-house capabilities including on-site property management, asset management, and structured financing, the firm continues to build on its proven track record, generating strong results with high levels of transparency and engagement for investors. 

Learn more about BKM Capital Partners »

BKM MANAGEMENT COMPANY

 

BKM Management Company manages a portfolio of 8.2 million square feet of multi-tenant industrial properties for BKM Capital Partner’s private and institutional investors. With a focus on “boots on the ground” execution at the property level, BKM has in-house capabilities for both property management and leasing. The teams at the property level are focused on ensuring the tenants thrive and that the properties managed in the most efficient way.

 

 

 

Learn more about BKM Management Company »

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CONTACT US

Phone: 949.566.8800

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