Breaking Into Flex Real Estate with Special Guest Alec McElhinny

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