Updated over 5 years ago on . Most recent reply
Investing in Parking Lots/Garages
Looking into investing in parking lots and garages from 25-70 stalls in the Chicagoland area.
Wondering, for those that have invested in individual deeded parking stalls, or lots/garages, the following :
- What is the typical cash on cash return you see in your marketplace for investing in this asset class?
- What are typical challenges?
- What expenses do you build into your proforma model?
- Who manages your lot/garage?
- How do you automate your lot/garage/stall?
Thank you for your feedback!