Helix, an Arizona-based commercial real estate Investment, Development, Brokerage and Management Company, recently acquired another Scottsdale commercial property, Sonoran Corporate Center Building 5, for $3.93 million.
Located at Princess and Hartford Drive, in Scottsdale, Sonoran Corporate Center includes a 21,064 square foot building. Helix will be converting much of the building to medical and corporate offices for Freedom Pain Hospital who will occupy the entire building. Freedom Pain Hospital operates a 35,000 square foot hospital adjacent to this parcel.
Helix Properties will manage the new acquisition. The property was purchased from CRE Ventures XIX, LLC. The broker for the seller was Brennan Watkins with Realty One Group and the broker for the buyer was Mitchell Stravitz with CBRE Inc.
This marks Helix’ second Scottsdale-area medical/office acquisition in four months.