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453 S Loop 336 W, Conroe, T...

Fidelis Realty Partners Refinances 336 Marketplace Retail Center In Conroe
FINANCEDRetail

Fidelis Realty Partners Refinances 336 Marketplace Retail Center In Conroe

453 S Loop 336 W, Conroe, TX, 77304

Building Size

Asset Type

Retail

Closing

Nov 22, 2023

AI

336 Marketplace is a 471,752-square-foot retail power center located at 453 S Loop 336 W in Conroe, TX, 77304. The center is positioned on 72 acres in the Conroe market and features tenants such as Kroger, Michaels, Dick’s Sporting Goods, Marshalls, Five Below, Ross Dress for Less, HomeGoods, Ulta Beauty, DSW, and Burlington.

Summary of transaction details:

JLL's Colby Mueck was also involved in arranging the nonrecourse, fixed-rate loan through The Guardian Life Insurance Co. of America on behalf of the borrower, Fidelis Realty Partners.

Players

Molly Leinsdorf

Healthcare Realty

Broker

1 deal

Broker
Guardian Life Insurance
Guardian Life InsuranceLender

Conroe Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93