Cashen Closes Over $11 Million in Central Phoenix Infill Real Estate Transactions

PHOENIX, ARIZ.  –  The most recent deal of $2,500,000 at 6316 N. 7th Street located within the “7th Street Urban Corridor” is an 83,235 S.F. parcel slated for Commercial Development.  Aspirant Development was the Buyer and The Zunick Trust was the Seller.

Central Phoenix continues to experience amazing revitalization and significant new development.  This now established infill development corridor uniquely combines increased population and willingness of developers to add significant for sale and for rent housing units.  Currently there are over 10,000 for rent and for sale housing units planned in Central Phoenix.

Cashen is now marketing the popular Camp Social and Hatter and Hare Restaurant buildings investment sale on 7th Street for $6,000,000.

Cashen Realty Advisors recently was involved in several other infill transactions:

• 4210 and 4220 N. 32nd Street, 65,340 S.F. for $1,575,000

• 3102 E. Weldon, 54,014 S.F. for $1,100,000

• 733 and 719 E. Marlette Avenue, 40,374 S.F. for $1,250,000

• 4522-4536 N. 7th Street, 16,500 S.F. Building for $2,523,531

• 3816 N. 7th Street, 22,259 S.F. for $1,013,363

• 1210 E. Indian School, 48,164 S.F. of Land for $1,290,000.

Cashen has six more deals in Escrow in Central Phoenix all scheduled to Close in the next four months. Cashen has multiple land deals available in Central Phoenix and is a major proponent of infill development.

About Cashen Realty Advisors

Ray Cashen, President and Designated Broker, has been in the Metro Phoenix market for nearly 30 years. Cashen Realty Advisors is a full-service commercial real estate brokerage company specializing in infill commercial mixed use developments.

Mr. Cashen’s ability to consult on all aspects of commercial real estate including office, industrial, retail, multi-family, commercial and residential land sets him apart as a unique advisor with extremely valuable brokerage services.

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