Updated Sep 8, 2026
New Caney Beverage Sells 55,700 Square Foot Industrial Building In New Caney, Texas
18913 Phillip Way
Building Size
55,700 SF
Asset Type
Industrial
Closing
Jul 21, 2026
About this deal
AI
The transaction involved the sale-leaseback of an industrial building located at 18913 Phillip Way in New Caney, Texas. The asset encompasses a total of 55,700 square feet and is currently occupied by New Caney Beverage.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 18913 Phillip Way, New Caney, TX
- Seller: New Caney Beverage
- Broker Representatives: Griff Brandy, Ryan Osborn, Wyatt Huff & Hunter Stockard - Partners Real Estate
Partners Real Estate facilitated the transaction, where Griff Brandy, Ryan Osborn, Wyatt Huff, and Hunter Stockard represented the seller and tenant, New Caney Beverage, during the sale-leaseback deal. The buyer's identity is not disclosed.
Players
Powhatan Point Industrial Market Snapshot
Boundary boundary · Industrial · Sale 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