Bricktown Parking Garage Sales for $17,250,000 - Phillip Mazaheri, CCIM handled both sides of the transaction

The Bricktown Parking Garage consists of 206,598 square feet of an 8-story structure of office and parking garage structure located just north of the Chickasaw Bricktown Ballpark. The garage has approximately 537 parking spaces with leases in place with the Hampton Inn & Suites hotel, Hilton Inn, Homewood Suites and Springhill Suites. The Bricktown Garage also has monthly parkers consisting of office tenants in the area and daily parkers for nightlife traffic. The Buyer, Mobile Infrastructure based out of Cincinnati, Ohio purchased the property June 7th, 2022 for $17,250,000. This is MobileIT’s first investment in the Oklahoma City market bringing their portfolio of Garages to 20 with 26 Lots, 16,350 Spaces and $5,834,162 Square Feet in 23 Markets. The Seller, Fred Mazaheri, a local developer with Mazaheri Properties (Bricktown Garage Parking, LLC) purchased the property in 2013 for $9,375,000. Phillip Mazaheri, Retail Investment Advisor with Price Edwards & Company, handled both sides of the transaction.