Helix, an Arizona-based commercial real estate brokerage, management, investment services and development company, recently acquired new Scottsdale commercial property, Sonoran Corporate Center Building 6 for $1.57 million.
Located just off the 101 and Princess Drive, in Scottsdale, Sonoran Corporate Center includes a 10,154 square foot building that is 100 percent occupied by Medical Practice Innovations Inc. The property was purchased from A Company of Brothers, LLP, a Washington limited liability partnership. The broker for the buyer was Mitchell Stravitz with CBRE Inc.
“Although this asset is 100 percent leased, we still looked at this as a value add play,” said Ryan Spiekerman, founding principal of Helix Capital. “With rents significantly below market we feel we can create value once the lease expires or sell it to an owner/user. It is an optimal size in a highly desirable sub-market.”
With expertise in acquisition, construction, development and disposition of millions of square feet of real estate in Arizona and throughout the Southwest, the Helix team has worked in nearly every segment of the commercial real estate industry: office, retail, industrial, land, self-storage multi-family housing, assisted living and medical.