facebook
Traded Co logo
Submit
Daily limit: 0/10

AEW Capital Management & McCraney Property Co Acquire Industrial Asset From Stanley Black & Decker For $52M

Property Image
SOLD
$52,000,000
Rob Cochran
Bill Harrison

North Carolina

See Similar Deals
Industrial928,283 SF
Sold 05/29/2025
the dealplayerscompscontact
Property Image
SOLD

AEW Capital Management & McCraney Property Co Acquire Industrial Asset From Stanley Black & Decker For $52M

1000 Stanley Drive

See Similar Deals
Industrial928,283 SF
Sold 05/29/2025
Rob Cochran
Bill Harrison
the dealplayerscompscontact
Contact now

Summary

NORTH CAROLINA
Asset Type:Industrial
Price Per Square Foot:$56
Total Square Footage:928,283 SF
Transaction Type:Sale

The property asset involved in this transaction is a 55.8-acre industrial facility located at 1000 Stanley Drive, Concord, NC. The facility spans 928,283 square feet and was sold for $52,000,000, which equates to $56 per square foot.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $52,000,000
  • Address: 1000 Stanley Drive
  • Market: Concord, NC
  • Acres: 55.8
  • Square Footage: 928,283
  • Price per Square Foot: $56
  • Buyer: AEW Capital Management & McCraney Property Co
  • Seller: Stanley Black & Decker
  • Brokers: Rob Cochran & Bill Harrison - Cushman & Wakefield

AEW Capital Management and McCraney Property Co. have acquired the facility along with an additional 74 acres adjacent to the property, marking a significant expansion of their industrial assets in the region.

Players

Bill Harrison
Cushman & Wakefield
Bill Harrison
7 deals$214M volume
BROKER
Rob Cochran
Cushman & Wakefield
Rob Cochran
3 deals$79.5M volume(704) 577-2999
BROKER
MC
McCraney Property Co
BUYER

Details

SOLD
IMAGE: 05/29/2025 ADDRESS: 1000 Stanley Drive MARKET: Concord, NC ASSET TYPE: Industrial ~ ACRES: 55.8 BUYER: AEW Capital Management & McCraney Property Co SELLER: Stanley Black & Decker BROKERS: Rob Cochran & Bill Harrison - Cushman & Wakefield SALE PRICE: $52,000,000 SF: 928,283 ~ PPSF: $56 NOTE: AEW Capital Management and McCraney Property Co. acquired Stanley Black & Decker’s 928,283-square-foot Kannapolis facility and adjacent 74 acres for $52 million.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,773,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$184,745.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$246,506.53
Annual Debt Service$2,958,078.35