Inside this Unbelievable Ground-Up Flex Development | Story of the Deal

[@TylerCauble]

Come hang with me and Marcus in the CRE Accelerator mastermind! www.crecentral.com

[@Amirealestateinvest]

Thanks for the info. I still think its important to invest in multifamily

[@Easyservice-x8q]

Story of the deal videos are definitely my favorite. Whoever’s putting them together. They’re doing great work.

[@TylerCauble]

I’m glad you like it!

[@Easyservice-x8q]

@TylerCauble I watch all your videos I love all your videos, I'm so glad you replied, I know you can go far

[@TylerCauble]

I appreciate that! Hope they’ve been helpful for you 👊🏼

[@Easyservice-x8q]

@@TylerCauble You are always different from others, your kindness impresses me, you are very good

[@TylerCauble]

@Easyservice-x8q thank you!

[@yehuda9151]

Story of the deal is my favorite series

[@TylerCauble]

Glad you like it! 🔥

[@Rich_In_RealEstate]

Great video! Liked seeing the higher end finishes and insulated warehouse space

[@TylerCauble]

Yeah so cool getting to take a walk through it, great design / building

[@DanielBurge]

I am starting my second 7500SF building for flex space in Central Arkansas. We bought 6 acres so will have room for 4 buildings. Love this video and can relate to so much of it.

[@marcuskittrell]

Would love to come visit and see it

[@DanielBurge]

@@marcuskittrellwelcome anytime

[@TylerCauble]

That’s awesome, Daniel. Keep me in the loop on your progress 🔥

[@DanielBurge]

@@TylerCauble starting dirt work today. I will keep you posted on progress

[@SabineCedor]

Great video. Thank you for sharing

[@harrylawrealestate]

This is an A tier development. Imagine if he also had yard with drive throught bays, that would be chefs kiss.

[@marcuskittrell]

Agree. Would love to try the drive through bays

[@TylerCauble]

Marcus crushed it with this one. Always fun to iterate and see what you can change / improve on the next one, which he’s planning to do 😁

[@Ramialatrach1975]

Great video.. how big is this flexspace building??

[@TylerCauble]

Thank you! Marcus made it easy for us with this property. It's 9,000 sq. ft. - are you planning on building one?

[@rightright6582]

Could u add more detailed breakdown numbers in your videos?

[@TylerCauble]

For sure! We cover all of that and more in the mastermind 👊🏼 I’ve got plenty of videos here on KZbin, though, where we dive into the numbers

[@jonwright85]

Thanks for the video!! Excellent job, Marcus! $10/sqft gross seems low for that quality of unit. What market is this in?

[@masseywillingham8429]

Amazing project. Well done @marcuskittrell ! I have a question about the numbers. It seems no equity was created, just cash flow correct? With a $96k NOI at 8% cap rate (generous these day), looking at $1.2M valuation. Hard to make this deal work with any kind of leverage.

[@julianhamama8599]

In most decent markets, new construction should appraise with a lower cap rate than 8%. But still, you’re not entirely wrong.

[@WebsterRealEstate]

I luv luxury flex

[@TylerCauble]

It’s pretty sweet

[@Ramialatrach1975]

Where's this at? Texas? Whats the address?

[@TylerCauble]

Nope, it’s down outside of Birmingham

[@ItsSrisri78]

how many sqft is this space? trying to derive the construction cost and lease rate per sqft based on the sqft

[@TylerCauble]

Good question, I think it’s around 7,500sf

[@marcuskittrell]

9000 sq ft building divided into 6 / 1,500 sq ft units

[@rightright6582]

is this correct? 1-$1750 monthly...per unit...I noticed this channel does not disclose all the numbers....am I wrong? 2-$152/sf construction with that parking lot 3-What type of lease was offered to leasees?

[@thegamemasterllc]

Probably squeeze two tables in there… perfect for a game store!

[@TylerCauble]

Haha yes it is! Would crush it for that

[@stevenlyons491]

This type has a commerial zoning so its simple