Garage Door Contractors in Boston, MA

One Boston parking garage is causing a frenzy among potential buyers looking to acquire the property for less than its $17 million mortgage balance. But don’t expect the acquisition to produce related jobs like garage door servicemen in the Boston area – the bidders plan on turning the lot into a bank, office buildings or mall, depending on which bid wins. So far the offers have ranged from $13.7 million to $15.6 million for the keys to these Boston, Massachusetts garage doors. If accepted, those bids would represent an over 40 percent discount from the original $26.3 million value given to the garage when its $17 million mortgage originated in 2006.