Key Takeaways:
Flex spaces are one of the easiest commercial real estate assets to own, with low vacancy rates and high demand
Developing flex spaces can be profitable if land costs are below $5/sqft and building costs are around $136/sqft
Underwriting deals with an 8-9% cap rate upon completion and an exit at a 7% cap rate can provide good returns
Selling deals allows investors to complete more deals over time for higher returns than refinancing
Flex warehousing provides easier ownership than multifamily due to triple net leases
The Commercial Real Estate Investor Podcast