At Coastal Equities, shopping center acquisitions are a daily part of our business. Since 1980, we
have acquired over a billion square feet of retail space in dozens of acquisitions by providing
sellers with market pricing, certainty of closing and the expertise and flexibility to resolve issues
quickly and fairly. In fact, we have successfully closed virtually every transaction we have ever
put under contract.
We offer a quick and efficient due diligence and closing process, backed by proven access to debt
and equity capital without committee or third party approvals. With established relationships with
lenders, Coastal Equities regularly secures the most attractive financing terms available in the
market.
We seek to acquire neighborhood and community centers anchored by a supermarket and/or drug
store. We prefer to own the anchors, as well as the shops. General guidelines are provided
below. Please note these are not hard and fast rules, just guidelines. The more deals you show
us, the more likely we will do a deal. If you think it.s a good investment, we want to see it.
Over 100,000 sf.
20% vacancy or less.
Grocery Anchors preferred
Purchase Price between 5MM and 30MM
Purchase Price is lower than replacement cost of building
8.5 Cap Rate or better.
Center is filled with National Tenants and either long term leases or extremely short term leases (ie. Ones that are up for renewal during the Due Diligence period.)
Below Market Rents
Greater than 20,000 VHD
Growth Indicators near property, for example:
New Property Developments (Commercial or Residential)
New Housing underway or at least opportunity for such developments to take place.
Growing Industrial Park.
Stable spending area patterns. (We will trade high spenders for predictable spenders.)
Prefer to stay in Southeast, but have no geographical restrictions.
Prefer to stay away from snowy areas.
Its nice to be able to get to the Property by a direct flight from S. Florida (1 hour drive after we land is fine.)
