Invest In Garage Condo Real Estate
After years of research and $500M of investment experience, the Playground team has identified a low supply, high demand opportunity in a very exciting niche.
Invest NowPlayground experience
The Playground team has transformed commercial real estate across multiple asset classes throughout their careers.
$500 M
Transactions Completed
15-95%
IRR range on full cycle dealsCommercial Transactions
4.3M SF of Commercial RE owned and operated
76 deals worth of experience
MAKE IT YOUR OWN
Flexible Spaces,
Smart Investments
Smart market strategy
Total Addressable Market
Commercial garage condos: a $128B opportunity fueled by 23.7M U.S. millionaires. At 1.5% penetration, demand hits 355k+ units—with <10k available. Severe undersupply creates urgent investor potential.
Margin of Safety
Most sales close pre-funding, so demand is proven and the exit is clear from day one.
Accelerated Outcomes
Most sales close pre-funding, so demand is proven and the exit is clear from day one.
Exit Optionality
Playground's garage condo model sells to end users priced on supply and demand untethered from market rents and cap rates. This creates a premium sale price with a margin that is difficult to achieve elsewhere. A diverse set of back-up monetization options serves for effective risk-mitigation.
First-Mover Advantage
Early players have primed the market, but no institutional incumbents exist today.
Your space, your way
Golden Garages
Invest in Golden Garages, an upscale garage community in Golden, CO, developed by Playground. Strategically located near major highways, this 53-unit flex space offers premium storage solutions for recreationists and small businesses. With an attractive 24.5% target IRR and a proven sales pipeline, this limited investment opportunity is open to accredited investors. The target raise is $6 million and the minimum investment is $100K.
Investment Overview
Asset Type: Flex Garage Condominiums
Target IRR: 24.5%
Target Equity Multiplier: 1.61X
Target Hold: 36 months
Target Raise: $6 million
Preferred Return: 10%
499 McIntyre Street, GOLDEN, CO
24.5%
Target IRR
$100K
Minimum Investment
1.61X
Target Equity Multiplier
36 Months
Target Hold
FAQ
Playground eliminates entitlement risk by securing approvals before using investor capital. We minimize construction risk with top-tier contractors and third-party oversight. Sales risk is reduced by requiring deposits on at least 50% of units before deploying funds, ensuring strong pre-commitment.
Projects achieve debt-free status at <50% sold, with costs at $260/sf(vs.competitors $460sf). Even a 5-year sales delay still delivers LP IRR exceeding the S&P 500.
Target 3-5 years. Units qualify for 1031 exchanges, bonus depreciation, and long-term capital gains.
MAKE IT YOUR OWN
Ready to Invest In Garage Condos?
Reach out to our team to learn more about our exclusive first time
investment offering.