Parking Advisors And Sunrise Capital Investors Acquire Charlestown Parking Garage From National Development For $12.85M

The asset involved in this transaction is a parking garage located at 88 Constitution Road in Charlestown, MA. The property encompasses 297 parking spaces and has a sale price of $12,850,000, equating to a price per square foot of $43,265.

Summary of transaction details:

• Property Type: Parking Garage
• Transaction Amount: $12,850,000
• Square Footage: 297
• Address: 88 Constitution Road
• Market: Charlestown, MA
• Buyer: Parking Advisors & Sunrise Capital Investors
• Seller: National Development
• Brokers: Frank Petz, Matthew Sherry, Rob Schlesinger, Daniel Hincks, Joe Gaziano & Jack Barrett - Colliers

This transaction was facilitated by a joint venture between Parking Advisors and Sunrise Capital Investors, purchasing the garage from National Development. Colliers was instrumental in closing this deal, which involves a significant property asset in the market.