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4646 East Van Buren Street

Helix Properties Acquires East Gateway Office Complex In Phoenix For $19 Million
SOLDOffice

Helix Properties Acquires East Gateway Office Complex In Phoenix For $19 Million

4646 East Van Buren Street & 4686 East Van Buren Street

$19,000,000

$40/SF

Building Size

464,000 SF

Asset Type

Office

Closing

Oct 22, 2025

AI

The property involved in this transaction is the East Gateway Office Complex, located at 4646 East Van Buren Street and 4686 East Van Buren Street in Phoenix, AZ. This office asset was acquired for $19 million and encompasses a total of 232,000 square feet, reflecting a price per square foot of $82.

Summary of transaction details:

Helix Properties, managed by Ryan Spiekerman and Adam Feldman, facilitated the acquisition of the office complex, which includes two office buildings. The involvement of Cushman & Wakefield as brokerage adds a layer of professional representation to this significant transaction.

Players

Christopher Toci

Cushman & Wakefield

Broker

$273.4M

vol

15 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Phoenix Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93