Magnolia Square Shopping Center

Houma, Louisiana

Magnolia Square Shopping Center was purchased in 2022 for $16,750,000.  JRE sourced this asset off-market through its extensive network of brokers and owners.  Anchored next to the region’s only Target and with a strong national tenant lineup, Magnolia Square is arguably the best piece of commercial real estate in Houma.  With 36 investors and a 10 year fixed-rate CMBS loan, JRE plans to hold this property for the long-term and expecting to deliver cash returns to its investors of 10%.  This property was purchased with a single vacancy in place, which was filled within 6 months of closing at a higher rent, lower cost and sooner than was budgeted for in the Offering Memorandum.

Address:

1729 Martin Luther King Jr Blvd, Houma, Louisiana

Total Square Footage:

107,701

Projected Annual Cash Flows:

10%

Projected IRR:

12%

Notable Tenants:

  • Michaels 
  • Ross Dress for Less
  • Ulta
  • PetSmart
  • Dollar Tree
  • Sally Beauty Supply
  • Chuck E Cheese

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At JRE Capital, our philosophy of strategic planning and personalized service has powered our success for over 25 years. We treat each new client like a unique individual to formulate strategies best suited to address your specific needs. We get to know you, your goals, where you are today, and above all, where you want to be tomorrow.

At JRE Capital, our philosophy of strategic planning and personalized service has powered our success for over 25 years. We treat each new client like a unique individual to formulate strategies best suited to address your specific needs. We get to know you, your goals, where you are today, and above all, where you want to be tomorrow.