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
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