2.34-Acre Phoenix Multifamily Site Sold for $5 Million

Phoenix, Arizona – Cushman & Wakefield announced that Masyno Osborn, LLC (Anthony Bibars) of Coolidge, Ariz. purchased 2.34 acres, at 3500 N. 4th Avenue in Phoenix, Ariz., for $5 million, from Phoenix-based Seventh Camel, Inc. (Kerry Knight).

Located at the northwest corner of Osborn Road and 4th Avenue in the Central Corridor, the opportunity consists of 100,188 square feet of developable land. The 2.34-acre development site is near the Valley Metro Light Rail and at the center of the Central Corridor among new residential, restaurants, and healthcare, education and research campuses.

Mark Bramlett, David Fogler and Steven Nicoluzakis of Cushman & Wakefield represented the buyer in the transaction.
“It was a pleasure working with all the parties involved in this challenging transaction. We all look forward to the return of midtown’s genesis and the grandeur of the Park Central Mall,” said Bramlett.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

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