RECENT SALES

ASSETS RECENTLY SOLD
OAKLAND, CALIFORNIA

EXPRESSO AIRPORT PARKING

  • Services Oakland International Airport
  • Acquired by Parkit and its partners for USD $18.6M in 2014
  • 1,899 stalls
  • Sold to OP Holdings JV in 2015 for USD 19.2M
  • Sold in 2018 for USD $36.1M
  • Achieved an IRR to Equity of 42% for the JV
JACKSONVILLE, FLORIDA

TERRA PARK PARKING FACILITY

  • Services Jacksonville Central Business District
  • Bought by OP Holdings JV for US$6.4M in 2015
  • Sold for US$6.8M in 2018 plus an additional sum of USD $750,000 paid monthly over the course of a year
  • Achieved an IRR to Equity of 24% for the JV