facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Retail

/

Sale

/

1408 North Loop 336 West

Updated Mar 10, 2026

Jacob Khotoveli Of JBL Asset Management Acquires 316000 Square Foot Retail Center In Conroe
SOLDRetail

Jacob Khotoveli Of JBL Asset Management Acquires 316000 Square Foot Retail Center In Conroe

1408 North Loop 336 West

Building Size

316,000 SF

Asset Type

Retail

Closing

Mar 9, 2026

About this deal

AI

Montgomery Plaza is a retail center located at 1408 North Loop 336 West in Conroe, with a total area of 316,000 square feet. The property is currently 94% leased to several national tenants, which include Academy Sports + Outdoors, O’Reilly Auto Parts, and Crunch Fitness. The transaction marks a significant acquisition within the Houston retail investment market.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Address: 1408 North Loop 336 West
  • Market: Conroe
  • Asset Size: 316,000 square feet
  • Buyer: Jacob Khotoveli - JBL Asset Management
  • Brokers: Ryan West & John Indelli - JLL

Jacob Khotoveli, representing JBL Asset Management, was involved in this acquisition, while Ryan West and John Indelli of JLL Capital Markets represented the seller. This transaction occurred amid a notable increase in retail investment in the Houston area, with reported sales volume reaching $2.7 billion in 2025.

On the Map

Open live map

Retail

View full map

Players

Ryan West

JLL

Broker

$477M

vol

40 deals

Broker
Jacob Khotoveli

Jacob Khotoveli

JBL Asset Management

Buyer

$178.6M

vol

8 deals

Buyer
Bilt advertisement

Conroe Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Deal FAQ

Visit John Indelli to view all their deals.

Browse Conroe retail sales on Traded.

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

More Deals

Nearby Markets