Sarofim
Value Added Retail
Sarofim Realty Advisors seeks value added retail acquisitions nationwide. Following is an overview of our acquisition criteria:
Type
Neighborhood and grocery-anchored shopping centers of at least
85,000 square feet with upside potential.
Trade Area
Proven infill location with the following demographics:
|
Population
|
Density
|
Avg. Household Income
|
|
1-mile
|
15K
|
> $50,000
|
|
3-mile
|
50K
|
> $50,000
|
|
5-mile
|
150K
|
> $50,000
|
Deal Attributes
- Below-market rents
- Significant vacancy
- Redevelopment potential
- Re-tenanting opportunity
Deal Structure
Flexible. Will purchase for cash but can assume debt.
Return Criteria
Leveraged IRR of at least 13.0% based on a three-
to five-year hold.
Minimum Deal Size
85,000 square feet and $15M
