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18913 Phillip Way

Updated May 29, 2026

Capital Real Estate Investments And Randol Tellkamp Acquire Industrial Asset In New Caney For Sale-Leaseback
SOLDIndustrial

Capital Real Estate Investments And Randol Tellkamp Acquire Industrial Asset In New Caney For Sale-Leaseback

18913 Phillip Way

Building Size

55,700 SF

Asset Type

Industrial

Closing

May 14, 2026

About this deal

AI

The property involved in this transaction is an industrial asset located at 18913 Phillip Way, New Caney, TX. It has a total square footage of 55,700. The transaction represents a significant addition to the portfolio of Capital Real Estate Investments through a long-term sale-leaseback arrangement.

Summary of transaction details:

This transaction was facilitated by the collaborative efforts of the representatives from both the buyer and seller sides. Capital Real Estate expressed gratitude towards NC Cowboys, particularly Randol Tellkamp, for partnering with them on the deal, while also acknowledging the work of Partners brokers, Hunter Stockard and Wyatt Huff, for ensuring a smooth closing process at Park House.

On the Map

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Industrial

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Players

Wyatt Huff

Partners Real Estate

Broker

17 deals

Broker
Troup Rolland
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Troup Rolland

Capital Real Estate Commercial⁠

Broker

$8.2M

vol

27 deals

Broker
CI
Capital Real Estate InvestmentsBuyer
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New Caney 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

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