Nashville, TN-based real estate investment manager AJ Capital Partners has purchased 36 & NoDa, a 26,447-square-foot retail property in the North Davidson neighborhood of Charlotte, NC, for $10.3 million.
Jared Londry and Alex Olofson of Stream Realty Partners represented seller Ascent Real Estate Capital, a Charlotte-based real estate investment company.
36 & NoDa is a high-street, experiential retail investment that is home to notable tenants including Salud Cerveceria and Neighborhood Theatre, one of Charlotte’s oldest music venues for locals and concert enthusiasts.
“Local operators like Salud are the backbone of the small business community and what create the coveted ‘authentic’ tenant makeup at this location,” said Londry. “Promoting Salud’s incredible success along with the staying power of Neighborhood Theatre helped pique initial interest in this property. But convincing investors to come to Charlotte to feel the environment’s energy is what really demonstrated the value-proposition and generational value of this asset, which ultimately led to insatiable demand from capital sources.”
The post Authentic Tenant Makeup Contributes to $10M Sale of Charlotte NoDa Retail Building appeared first on Connect CRE.
Nashville, TN-based real estate investment manager AJ Capital Partners has purchased 36 & NoDa, a 26,447-square-foot retail property in the North Davidson neighborhood of Charlotte, NC, for $10.3 million. Jared Londry and Alex Olofson of Stream Realty Partners represented seller Ascent Real Estate Capital, a Charlotte-based real estate investment company. 36 & NoDa is a …
The post Authentic Tenant Makeup Contributes to $10M Sale of Charlotte NoDa Retail Building appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
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