Bank-Owned Asset Acquisition Completes Helix Capital's Valley Coverage

SCOTTSDALE, Ariz., Dec. 6, 2011 /PRNewswire/ -- Helix Capital's Next Gen investment division brought $1.565 million in private funds to close in 10 days the purchase of the bank-owned, 20,544 SF industrial flex property at 4220 E. McDowell Rd. in Mesa.

The opportunity to purchase the property came while in negotiations with an existing tenant on a 10-year lease to expand into the entire building. The building was completed in 2006 with significant upgrades, and the valuation met Helix Capital's strategic investment criteria.

"We couldn't have been in a better position to bring in a high quality asset with long-term value," said Ryan Spiekerman, Helix Capital Founding Principal. "What's more, our Next Gen investment division is still in the market to purchase end-of-year opportunities for sellers looking to dispose of assets quickly."

Helix Asset Management division will manage the property for Helix Capital's Next Gen Financial X, LLC. Located near Falcon Field Airport, the property adds another airport location to the asset management group's expanding portfolio of 35 properties across the Valley.

Helix Capital Group Contact:
Pamela Johns
P: (602) 648-2001
F: (602) 230-1657
E: [email protected]
W: www.helixaz.com

SOURCE Helix Capital