As a full-service commercial real estate firm, we know an opportunity when we see one. At Sembler, we enter negotiations with deep resources – including the industry’s best leasing, property management and redevelopment teams, all in-house, primed to hit the ground running.
WE COME TO CLOSE
Centre at Culpeper
13193 Mountanus Dr Culpeper, VA 22701
Centre at Culpeper is a 72,869 SF center located in Culpeper, VA. It is anchored by Aldi, with a strong collection of local and national tenants in inline spaces. Located at the high-visibility corner of Montanus Dr and Brandy Rd
4304 Summer Ave, Memphis, TN 38122
Summer Center is a Kroger/Ross-anchored neighborhood center located along Summer Avenue in Memphis, TN. The surrounding community is revitalizing, and with 15,000 SF of vacancy at purchase, the center is positioned for growth.
Gainesville Shopping Center
1302 N Main St. Gainesville, FL 32601
Gainesville Shopping Center is a Publix-anchored neighborhood center in downtown Gainesville, Florida on Main Street, just north of the University. With an available outparcel and 14,000 SF of vacancy at closing, significant value can be added to this center.
5107 South Blvd. Charlotte, NC 28217
Seneca Square is located at the corner of South Boulevard and Tyvola Road in Charlotte, North Carolina. Anchored by Office Depot, the center was 37% vacant at acquisition, providing Sembler’s team an excellent opportunity to reposition the property.
What We Buy
- Location: Southeastern United States (Texas to Virginia) and Puerto Rico
- Property Type: Community centers that offer necessity and value-oriented products and services, preferably grocery-anchored
- Property Size: 50,000 SF or more
- Deal Focus: Value-add properties that are well-positioned for redevelopment incremental leasing, and/or physical enhancement
- Financial Criteria: Stabilized unleveraged yield of 7.5% or more, with maximum investment of $30 mil