North Central News

Central Phoenix commercial properties are selling well

Central Phoenix continues to experience significant new development. Cashen Realty Advisors in the second half of 2018 closed more than $11 million in infill real estate transactions.

The large lot with a home set back far from the street at 6316 N. 7th St., just south of Maryland Avenue, was sold last year for $2.5 million, and is slated for commercial development. Aspirant Development was the buyer and The Zunick Trust was the seller.

Cashen was involved in several other infill transactions, including: 4210 and 4220 N. 32nd St., a combined 65,340 square feet, which sold for $1.575 million; 3102 E. Weldon, 54,014 square feet purchased for $1.1 million; 733 and 719 E. Marlette Ave., a total of 40,374 square feet for $1.25 million; 4522-4536 N. 7th St., a 16,500-square-foot building for $2,523,531; and a vacant lot at 1210 E. Indian School Road, which sold for $1.29 million.

Cashen has six more deals in escrow in Central Phoenix all scheduled to close in the first part of 2019.


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