REBusinessOnline

Parking REIT Sells Two Adjacent Surface Lots in Kansas City for $4M

KANSAS CITY, MO. — The Parking REIT Inc. has sold two adjacent surface parking lots in Kansas City for a combined price of $4 million. The sale included 1130 Holmes St., a 1.2-acre lot with 164 spaces; and 1101 Cherry St., a half-acre lot with 84 spaces. Block 66 LLC acquired the assets. The Parking REIT, formerly known as MVP REIT II Inc., had acquired the surface lots for approximately $2.8 million in December 2017.

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