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Parking Garage Buyers Target Returns In Niche Investment Property Market

Parking facilities present viable commercial real estate investment opportunities. In the past, many parking-type opportunities have not appealed to institutional and pension fund investors. However, new interest has piqued for this niche real estate opportunity.  This renewed enthusiasm can be attributed in great part to the relatively small amount of capital outlay required for what can potentially be a long-term, high-yielding asset.  Some industry experts recognize parking lot investments will fast become a highly sought-after component of a successfully diversified portfolio.
While potentially lucrative investment opportunities are accessible in many markets, …