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26400 Kuykendahl Road

Phillips Edison & Company Acquires Retail Asset From Kobalt Investment Company In The Woodlands
SOLDRetail

Phillips Edison & Company Acquires Retail Asset From Kobalt Investment Company In The Woodlands

26400 Kuykendahl Road

Building Size

Asset Type

Retail

Closing

Jan 27, 2026

AI

The asset involved in the transaction is located at 26400 Kuykendahl Road, situated in The Woodlands market. It is classified as a retail property, acquired as part of the deal between two prominent companies. The buyer is Phillips Edison & Company, led by Jeffrey S. Edison, while the sellers are Kobalt Investment Company, represented by Andy Crosland and Justin Grissen.

Summary of transaction details:

The transaction was facilitated by JLL Capital Markets, where senior directors John Indelli, Adam Howells, Ryan West, and analyst Dawson Hastings played instrumental roles, leading the coordination of the sale and financing aspects of the deal.

Players

Adam Howells

JLL

Broker

$30.5M

vol

16 deals

Broker

Jeffrey S. Edison

Phillips Edison & Company

Buyer

$111.9M

vol

7 deals

Buyer
Andy Crosland

Andy Crosland

Kobalt Investment Company

Seller

$34.3M

vol

4 deals

Seller

Tomball Retail Market Snapshot

Boundary boundary · Retail · 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