Kashi Capital Partners Acquires Retail Asset In Whiteville NC From LNR Partners And Starwood Property Trust For $9.3M
SOLD
North Carolina
See Similar DealsRetail93,290 SF
Sold 07/22/2025
SOLD
Kashi Capital Partners Acquires Retail Asset In Whiteville NC From LNR Partners And Starwood Property Trust For $9.3M
316 Columbus Corners Drive
See Similar DealsRetail93,290 SF
Sold 07/22/2025
Summary
NORTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$99
Total Square Footage:93,290 SF
Transaction Type:Sale
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
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$496,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,040.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,086.74
Annual Debt Service$529,040.94
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