FlexEtc invested $16.5 million to transform a 100,000-square-foot building into a mixed-use facility with 76 warehouse spaces and eight offices. The newly opened building has already leased over 30% of its space to a diverse group of tenants, including e-commerce companies, artists, and specialty product makers.
According to the Dallas Business Journal, FlexEtc purchased the property for an undisclosed amount 18 months ago. The company used personal funds as well as a mortgage on the property to finance the project.
The facility offers flexible lease options starting at three months. Tenants have the option to choose from units ranging in size from 300-2,200 square feet or combine multiple units based on their specific needs. Rent prices vary depending on unit size; however, an average monthly rent for a 1
