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424 East 36th Street

AEW Capital Management Acquires Retail Space At 424 East 36th Street In Charlotte For $3.5M
SOLDRetail

AEW Capital Management Acquires Retail Space At 424 East 36th Street In Charlotte For $3.5M

424 East 36th Street

$3,500,000

$384/SF

Building Size

9,100 SF

Asset Type

Retail

Closing

Aug 19, 2025

AI

The retail asset located at 424 East 36th Street in Charlotte, NC was sold for $3,500,000. The property encompasses a total of 9,100 square feet, resulting in a price per square foot of $385.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,500,000
  • Buyer: AEW Capital Management
  • Seller: Asana Partners
  • Sale Date: 08/19/2025
  • Market: Charlotte, NC
  • Square Footage: 9,100
  • Price Per Square Foot: $385

AEW Capital Management acquired the retail space at 30Six NoDa from Asana Partners, enhancing its diverse portfolio in Charlotte, which includes multifamily and retail properties. The firm has engaged in various recent transactions across different asset classes, including industrial and office spaces, amounting to substantial investments in the region.

Players

AEW Capital Management
AEW Capital ManagementBuyer
Asana Partners
Asana PartnersSeller

Charlotte 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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93