Breaking Into Flex Real Estate with Special Guest Alec McElhinny
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In this episode, we sit down with Alec McElhaney to break down his FlexSpace development strategy in Texas, covering land costs, phasing, leasing, and how he’s structuring deals to hit a 22% IRR.
Time Stamps: 0:00 ‑ Introduction 2:23 ‑ Who’s Alec & What He’s Building
4:00 ‑ What Is FlexSpace & How It Differs
6:00 ‑ Splitting Bays / Site Layout Details
7:01 ‑ Debt Structure & Equity Raising (506(c))
9:05 ‑ Projected Returns & Phasing Strategy
10:25 ‑ Land Price + All‑In Cost Per Square Foot
12:11 ‑ Rent Projections & Triple Nets
14:27 ‑ How Alec Got Started in CRE
17:28 ‑ Where to Find More (Website + LinkedIn)
Visit thecriterionfund.com and get involved today!
Connect with Alec & his team at https://land-play.com/
CommercialRealEstate #FlexSpace #SpecDevelopment #CREInvesting #IndustrialRealEstate #LandPlay #TexasCRE #PhaseBuild #CREReturns #506cInvesting
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