Results 1 to 5 of 5

Thread: investing in car parks or car spaces...

  1. #1
    Join Date
    Oct 2003
    Location
    everywhere
    Posts
    277

    Default investing in car parks or car spaces...

    checking out the realestate places and seen car parks or car spaces for sale in the city. whats the deal with that. do they grow, are they healthy investments?
    watch this space
    [B]ine-kpro...[/B] (eye-yen-kay pro)
    [url]www.ine-kpro.com[/url]

  2. #2
    Join Date
    Jan 2005
    Location
    Hollywood, CA
    Posts
    3,558

    Default

    Quote Originally Posted by INE-Kpro... View Post
    checking out the realestate places and seen car parks or car spaces for sale in the city. whats the deal with that. do they grow, are they healthy investments?
    What's the best car-park?

    DC
    Dave Collins Mastering
    www.collinsaudio.com
    +1 323 467 5570

  3. #3
    Join Date
    Sep 2002
    Posts
    1,854

    Default

    A friend of mine owns 80 parking spaces at mile high stadium in Denver C.O that he leases. He does VERY well with them.

  4. #4
    Join Date
    Oct 2003
    Location
    everywhere
    Posts
    277

    Default

    i mean, do they lose value when you resell them. you can't even use the parking space yourself. a car park company leases the building.

    has it ever been a bad investment?

    what happens if the building falls apart? does every one lose out, same with apartments.
    watch this space
    [B]ine-kpro...[/B] (eye-yen-kay pro)
    [url]www.ine-kpro.com[/url]

  5. #5
    Join Date
    Jan 2004
    Location
    Franklin, TN
    Posts
    14,647

    Default

    well... I used to own stock in Central Parking Corp. until they were taken off the market recently by a private equity firm. The stock did great for many years, and the firm that bought the stock off the market paid close to a 30% (!!!) premium to buy the stock from me. Parking is big business for sure!!!
    Todd Robbins
    TX3 Productions, Inc.
    www.toddro.com

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •