Investing in Parking Lots/Garages

[Sean Morrisey]

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!