Dallas Area Flex Industrial Construction Costs

[Mo Karim]

Hi all,

I'm curious if anyone has recently built smaller flex industrial buildings/warehouses in Dallas area. Each building would be 5-6K sqft. with office in the front and warehouse in the back. What were your constructions costs? Which lenders did you use? What unexpected issues did you have to resolve? What is your exit strategy? 

Thanks,
Mo

[Ryan Tuttle]

Don't have building cost data. 

We've financed these before, generally see structuring as Comm Condos given the flex usage and sqft you're looking at. Greater exit value and PSF. 

Within our client base, I've seen various exits. For single-investors, I'm mainly seeing these as 3-5 year holds post-construction. Would come down to you current portfolio and diversity.