Net Leased Parking Lot Portfolio For Sale
Four (4) Parking Lot Portfolio.
Must be sold as one portfolio (not available separately).
. Three are located in a major Tennessee Metropolitan City within a few blocks of each other.
The other parking lot is located in a major Oklahoma Metropolitan City - The owner has made some renovations in the middle of an area in which demand for parking is rising steadily with conversions into apartments without any on site parking, steady commercial leasing and the emergence as the "cool art district".
All of the properties are net, net leased to MAJOR parking lot tenant!
The Buyer can terminate and renegotiate each lease, setting the new Net, Net Rent to approximately 85% of the current gross income.
Nothing is wrong with these assets. The owner has decided to move into a different investment vehicle. Great opportunity to move in to very rare, cash-producing assets!
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.