Raymond T. Cashen of Cashen Realty Advisors has closed more than $11 million recently in Central Phoenix infill real estate transactions.
The most recent deal for $2,500,000 at 6316 N. 7th Street, which is located within the red-hot 7th Street Urban Corridor, is an 83,235-square-foot 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 significantly for sale and for rental housing units. Currently, there are more than 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 million.
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.