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Sunrise Capital Buys Nautica Parking Garage for $12.85M
Closed
Real Estate ServicesMassachusettsOther
Deal Overview
Sunrise Capital Investors LLC acquired the Nautica Parking Garage, a structured parking asset at 88 Constitution Rd. on the Charlestown Waterfront in downtown Boston, for $12,850,000. The facility operates 24/7 and serves commuters, tourists, and nearby hospitality and entertainment destinations across the Seaport and downtown Boston corridor.
The seller was National Development. Colliers represented the seller, with Frank Petz, Matthew Sherry, Rob Schlesinger, Daniel Hincks, and Joe Gaziano listed as the deal team. Sunrise Capital is described as an investor in mobile home park and parking facility properties.
Key Details
- Transaction
- Sunrise Capital Investors acquires Nautica Parking Garage
- Deal Size
- $10M – $25M
- Reported Value
- $12,850,000
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