Investing in Flex Space (& Running the Numbers!) w/ Hamza Ali

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Flex industrial is a wonderful side of commercial real estate to invest in - especially for beginners since the asset is typically easier to manage with low-maintenance tenants. Today, we're diving into everything you need to know about flex space for beginners with Hamza Ali, who is a seasoned commercial and residential real estate investor with an investment portfolio of over $270M in flex space developments in Texas.
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Опубликовано:

16 июл 2024

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Комментарии : 41

@TylerCauble 10 месяцев назад

Check out Hamza's event, Flex Space Connect, here: www.flexspaceconnect.com/

@billturner1960 9 месяцев назад

Will do ! Been following your material hard and can't get enough. Make it a great day! Bill 😎👍

@TylerCauble 9 месяцев назад

@@billturner1960 I love it!

@billturner1960 9 месяцев назад

Really great to see you two sharing ideas together Mr. Cauble. Hopefully this will continue as you're both All-stars! Thank you very much again! Bill Turner 😎👍

@TylerCauble 9 месяцев назад

Absolutely, Bill! Glad you enjoyed the conversation 🙌🏼

@charlznunnally 10 месяцев назад

Excellent episode

@TylerCauble 10 месяцев назад

Thanks, Charles 🙌🏼

@joedoethe3rd 10 месяцев назад

Good content. Thanks, fellas.

@TylerCauble 10 месяцев назад

Anytime! Glad you liked it

@alstenmart 8 месяцев назад

Wow, great guest!

@TylerCauble 8 месяцев назад

👊🏼👊🏼👊🏼

@remsatroy 10 месяцев назад

Learned a lot & now has me questioning on what assett to invest in the future!

@TylerCauble 10 месяцев назад

Right?? Now I gotta find me some flex properties to develop

@-bu6kzL 10 месяцев назад

Ha! Can y'all move the event forward? That's the day my first kid is being born.😂

@TylerCauble 10 месяцев назад

😂 congrats!

@MovingUp7 3 месяца назад

Tyler - What are you seeing as $/sf to build flex space in Nashville's area before adding on the tenant buildout? Assuming it still needs MEP before tenant buildout, but I'm not sure. I'm a residential builder/developer in Nashville.

@RichWithCars 10 месяцев назад

Tyler, awesome content and great work so far in the past several years. Been following you for some time. Curious to know where i can find information on the conference coming up in November please. Btw, my channel has nothing to do with what i do as a career. In fact, I'm a CRE broker, investor and CCIM designee. Would love to chat with you sometime. And congrats on the NAIOP AWARD! 👍

@TylerCauble 10 месяцев назад

Thank you! Learn more about flex space connect here: www.flexspaceconnect.com/

@CamperMan727 9 месяцев назад

Good luck finding industrial land under $5 psf that commands $16 - $18 psf in rent. Unless maybe you’re renting to tenants that are being turned down by other business parks because of oil drip risk or heavy parking demand (exactly the types he mentions). Garage condos are going up because the rental model doesn’t pencil out. Land to rent ratios are just too high.

@TylerCauble 9 месяцев назад

We found a deal not even an hour outside of Nashville off the interstate that checks these boxes. It’s not all that difficult to find, you just have to know what you’re looking for

@CamperMan727 9 месяцев назад

If you move forward, please keep us posted. My guess is the construction bids will kill the deal. I own a 23 unit business park that was built in ‘82. I have been looking to develop a new project but it’s proving to be extremely difficult. Have looked at markets all over the country but the numbers don’t make sense.

@TylerCauble 9 месяцев назад

@@CamperMan727 for sure - we’ll do videos on it if we get it

@Juvvgarcia_ 9 месяцев назад

Great interview! 👏 do you necessarily have to buy and develop or can you rent out a space and create this as well ?

@TylerCauble 9 месяцев назад

You could definitely do that, though I would be careful about rental arbitrage. That basically becomes the coworking model and it can be tough to maintain occupancy (and, therefore, profitability) unless you’re really on top of your marketing game

@leeforsyth2036 10 месяцев назад

Man Alive

@TylerCauble 10 месяцев назад

It was a great conversation!

@IWBVS 10 месяцев назад

What are the terms of the leases usually? Riskier than residential since vacancies are longer and higher cost to enter?

@harrylawrealestate 10 месяцев назад

Mg or nnn usually 3-10 years

@TylerCauble 10 месяцев назад

Riskier, maybe. But it really depends on how you approach your investments. In my opinion, I think it’s less risky because we know how to handle tenant move outs and can plan 6-12 months in advance of them instead of 30 days. Definitely a lower cost of entry than multifamily and slightly higher than residential

@IWBVS 10 месяцев назад

@@TylerCauble can you elaborate on lower cost of entry than multi family? because you're buying a shell so it's cheaper than multi family?

@harrylawrealestate 10 месяцев назад

@@IWBVS Less plumbing, electrical, etc. I have seen spec projects build a reception, office and a bathroom in the front no more than 20% of the space and the rest being warehouse.

@mandog1981 8 месяцев назад

I have a 47500 sqft concrete building, on two acres that would work perfect to build out to flex spaces how can I get financing to have spaces ready.

@TylerCauble 8 месяцев назад

Sounds like a solid opportunity! I have a video on how to finance CRE - check that out here: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-SP7Y3hfxsRU.htmlsi=P9gg3MeE_s1Ga_F1

@mandog1981 8 месяцев назад

Do city code require sprinkler system for flex spaces

@TylerCauble 8 месяцев назад

They can - it depends on your local municipality and the size of the buildings. I know a lot of developers will keep their flex buildings to under 10k sf to avoid sprinklers but I’d check local codes