Recent Sales Asset
Riccio Lot Hospital Parking
New Haven, Connecticut
About the Property
- Services the Smilow Cancer Hospital and the Yale New Haven Children’s Hospital
- Acquired by OP Holdings JV for USD $4.3M in 2015
- Refinanced in 2017 at an appraised value of USD $4.5M
- Achieved 2017 NOI of $298K representing a 6.9% cap rate on initial cost
- Property owned by OP Holdings JV LLC in which Parkit owns an indirect 24.39% equity interest.
- Sold in September 2020 for USD $4.5M
- Parkit’s share of the proceeds is ~ USD $2.0M
