Exclusive Flex Space Development Investment Offering For Select Accredited Investors.

Low-Vacancy

Short Development Timeline

Easy To Build

High Profit Margins

High Rent

As an underbuilt asset, flex space offers one of the safest investment opportunities, with the added advantage of quicker returns compared to other commercial real estate verticals.

Flex space, which combines warehousing with office space, offers flexibility that appeals to small companies. Many smaller businesses want their office and warehouse in the same location and are moving into flex space to avoid having to maintain separate office and warehouse locations.

Currently, flex space is underbuilt. It boasts low vacancy rates and strong profit margins. At a time when multifamily, office, and other assets are not considered safe bets, flex space development emerges as one of the safest investments.

A modern commercial building with large glass windows and a parking lot with four cars in front.
Aerial view of a parking lot with multiple cars parked around a large building, including designated handicapped parking spaces and curved driveway entrances.

Exclusive Deal Flow And Investment Opportunities

At Land Play- We Are The Premier Flex Space Developers

Low Vacancy: There isn't enough flex space being built, and small companies are having trouble finding the office/warehouse space they need.

Short Development Timeline: Land Play uses prefabricated metal buildings with a short 4-6 month development timeline.

Easy to Build: Flex space is essentially a preassembled metal structure on a concrete pad, making it much simpler than a complicated multifamily development.

High Profit Margins: Land Play works with inhouse, trusted contractors, ensuring safer developments and more favorable profit margins.

An architectural rendering of a commercial building with parking spaces, adjacent structure, and surrounding green lawn, part of a property development project by Land Play.

New Braunfels Development

Offering summary with details about a $4.5 million equity raise, being a 506(c) offering type, with a minimum of $200,000 considered, a preferred return of 12%, targeted IRR of 22%, a 24-month timeline, and a rolling close structure. There is also a photograph of a large industrial building with four roll-up doors, surrounded by a parking lot and landscaping under a partly cloudy sky.
Flowchart illustrating profit distribution in waterfall split, starting with 12% preferred return, 100% LP, then split after 80/20, GP catch-up, and remaining split, with corresponding percentages and explanatory text.
Financial document with tables showing rental prices, CAP rates, and probabilities, along with a photo of a modern commercial building with a parking lot, under a blue sky with clouds.

Exclusive New Development Investment with 22% IRR

Meet the Managers

  • Portrait of a young man with short, dark hair wearing a black blazer and black shirt, against a dark background.

    Alec McElhinny

    Managing Partner—CEO

    Alec McElhinny has completed tens-of-thousands square feet of industrial value-add projects and develops flex space. With a math degree from the University of Minnesota and actuarial experience at Securian Financial, he specializes in financial analysis and cost-efficient development. Alec is also passionate about architecture.

  • Jonathan Tuttle

    Partner—COO

    Jonathan Tuttle brings over 15 years of experience in commercial real estate and mobile home parks, previously serving as President of the nation’s largest MHP brokerage. He hosts the Accredited Investor Podcast and now leads investor relations at Land Play, where he plays a key role in building investor relations.

  • Text reading 'Flex Space Developer LAND PLAY' on a white background.

    Hari Pullakhanda

    Partner—President

    Hari Pullakhanda is a retail developer based in Austin, Texas. He owns a successful IT company, manages an Airbnb portfolio, and actively entitles land for future development. With a wide range of experience, Hari brings valuable support and strategic insight to Land Play.

  • Text reading 'Flex Space Developer LAND PLAY' in black font on a white background.

    Victor Wagner

    Partner—CFO

    Victor Wagner is a seasoned real estate investor and CPA with a strong background in financial management. He has served as the CFO for million-dollar funds and as a Senior Auditor at the IRS. Specializing in real estate tax solutions, Vitor brings a wealth of expertise to his work in the industry.

  • Text on a page or sign that reads 'Flex Space Developer' and 'LAND PLAY' in bold.

    Bruce Raney

    Partner—Board Advisor

    Bruce Raney has been a developer and general contractor in Austin for over 20 years, specializing in building Walmarts, RV parks, industrial, and flex space. He brings extensive construction experience, offering deep expertise in the local market and building practices.

  • Text reading 'Flex Space Developer' and 'LAND PLAY' in bold black letters.

    Holland Wiler

    Advisor

    Holland is the lead broker and owner of Wiler Associates, with over 25 years of experience advising developers in the Austin area. He specializes in acquiring raw land, negotiating deals, and navigating the entitlement process to bring sites to a shovel-ready state.

Learn More About Our Exclusive Investments

At Land Play we are selective on the investors due to the outsized demand, fill out this form to apply.

HOW WE’RE DIFFERENT FROM OTHER FLEX

  • I-35 Access & Visibility: Direct access and frontage on I-35 offers unbeatable visibility and logistics— where no comparable flex is currently available.

  • Premium Product: Only product in the market with full HVAC, modern windows, and Class A built on a budget.

  • Three Product Types: Flex, IOS, and Retail Flex—are all currently under-built and prevent oversaturation by attracting a wide range of tenants.

  • High Growth Markets: Strategically placed in the fastest growing market in Texas.

Commercial building with large glass windows, parked cars in front, and a paved parking lot.
Aerial view of a parking lot with multiple cars parked around a rectangular building, including designated handicapped parking spots, surrounded by landscaped green areas.
A single-story commercial building with large glass doors and windows, surrounded by a parking lot with marked spaces, including designated handicap spots, and landscaped areas with shrubs and trees.
Large industrial warehouse with four roll-up doors, surrounded by a paved parking area and landscaped grass and bushes.
Industrial building with multiple garage doors, a white pickup truck parked outside, and a glass-walled entrance on a sunny day.
A modern commercial building with parking spaces, including designated accessible parking spots, surrounded by greenery.