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316 Columbus Corners Drive

Kashi Capital Partners Acquires Retail Asset In Whiteville NC From LNR Partners And Starwood Property Trust For $9.3M
SOLDRetail

Kashi Capital Partners Acquires Retail Asset In Whiteville NC From LNR Partners And Starwood Property Trust For $9.3M

316 Columbus Corners Drive

$9,300,000

$99/SF

Building Size

93,290 SF

Asset Type

Retail

Closing

Jul 21, 2025

AI

The property asset involved in this transaction is a retail space located at 316 Columbus Corners Drive, Whiteville, NC. The sale price of the property was $9,300,000, encompassing a total square footage of 93,290, resulting in a price per square foot of $99.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $9,300,000
  • Buyer: Elie Kashi & Ronen Kashi - Kashi Capital Partners
  • Seller: LNR Partners & Starwood Property Trust - Barry Sternlicht
  • Brokers: David Hoppe & Sam Young - Atlantic Retail

Kashi Capital Partners is focused on acquiring value-add shopping centers throughout the United States. For acquisition criteria, interested parties are encouraged to contact Sam Kashi via email at [email protected].

Players

David Hoppe

Atlantic Retail

Broker

$12.9M

vol

3 deals

Broker
Atlantic Retail
Atlantic Retail Brokerage
Barry Sternlicht

Barry Sternlicht

Starwood Property Trust

Seller

$10B

vol

46 deals

Seller

Whiteville 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

1.71%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93