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:
- Property Type: Office
- Transaction Amount: $19,000,000
- Sale Date: 10/22/2025
- Buyer: Helix Properties
- Broker Representatives: Eric Wichterman, Christopher Toci & Mike Coover - Cushman & Wakefield
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
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