Ziff Real Estate Partners Acquires Retail Center In Phoenix For $3.4M With Andrew Harrison As The Broker
North 7th Street
$3,400,000
$322/SF
Building Size
10,546 SF
Asset Type
Retail
Closing
Sep 23, 2026
About this deal
AI
Ziff Real Estate Partners acquired a retail center located at North 7th Street in Phoenix, AZ, known as Sheridan Square. The property spans 10,546 square feet, was built in 1965, and underwent renovations in 2021. At the time of sale, the center was 80% leased to local tenants including The Main Ingredient, Urban Cookies, The Velo Bike Shop, and Tatemados Tacos al Carbon.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,400,000
- Square Footage: 10,546
- Price Per Square Foot: $322
- Buyer: Ziff Real Estate Partners
- Seller: 7th & Sheridan LLC
- Broker: Andrew Harrison - Orion Commercial
- Market: Phoenix, AZ
This transaction involved key players in the commercial real estate market with Ziff Real Estate Partners as the buyer and 7th & Sheridan LLC as the seller. Andrew Harrison from Orion Commercial represented the interests of Ziff Real Estate Partners in this transaction.
On the Map
$3,400,000
$322/SF
Retail
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Ainsworth Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93