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
Flexible. Will purchase for cash but can assume debt.
Return Criteria
Unleveraged IRR of at least 11% based on a three- to five-year hold.
Minimum Deal Size
85,000 square feet and $15M
