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
About this deal
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:
- Property Type: Retail
- Transaction Amount: Undisclosed
- Borrower's Rep: Molly Leinsdorf(Healthcare Realty), Tolu Akindele(JLL)
- Lender: The Guardian Life Insurance Co.
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.
On the Map
Retail
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Players
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