Subsequent Events	8 Months Ended
Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	Note I — Subsequent Events The following subsequent events have been evaluated through the date of this filing with the SEC. Since January 1, 2016 through the date of this filing, the Company issued 94,749 additional shares and received approximately $2.4 million in additional proceeds from its initial public offering of its common stock form. On January 2, 2016, the Company has entered into a joint venture with MVP REIT, Inc. (“MVP REIT”) to purchase the membership interests of an entity that owns two parking lots located in Minneapolis for a purchase price of approximately $15.5 million plus closing costs. The purchase shall be accomplished through a limited liability company owned jointly by the Company and MVP REIT (collectively, “Minneapolis Venture”). The Company’s share of the purchase price is approximately $2,000,000 plus closing costs, and the Company owns a 12.91% interest in the Minneapolis Venture. The first parking lot is located at 1022 Hennepin Avenue (the “Hennepin lot”). The Hennepin lot consists of approximately 90,658 square feet and has approximately 270 parking spaces. The second parking lot is located at 41 10th Street North (the “10th Street lot”). The 10th street lot consists of approximately 107,952 square feet and has approximately 185 parking spaces. In addition, it is anticipated that the 10^thStreet lot will be closed after approximately 90 days and will be listed for sale for development purposes. Both the Hennepin lot and 10^th Street lot will be leased by SP Plus Corporation, a national parking operator, under a net lease agreement where Minneapolis Venture will be responsible for property taxes and SP Plus will pay for all insurance and maintenance costs. SP Plus will pay a cumulative annual rent of $800,000 which will not be reduced if and when the 10^th Street lot closes. In addition, the lease provides revenue participation with Minneapolis Venture receiving 70% of gross receipts over $1,060,000 but not in excess of $1,300,000 plus 80% of annual gross receipts in excess of $1,300,000. The term of the lease is for five years. On February 12, 2016, the Company along with MVP REIT through MVP Denver 1935 Sherman, LLC ("MVP Denver"), a Nevada limited liability company owned 24.49% by the Company and 75.51% by MVP REIT, closed on the purchase of a parking lot for approximately $2.4 million in cash, of which the Company’s share was $0.6 million. The parking lot is located at 1935 Sherman Avenue, Denver, Colorado (the “Denver Lot”). The Denver Lot consists of approximately 18,765 square feet and has approximately 72 parking spaces. The Denver Lot is leased by SP Plus Corporation under a net lease agreement where MVP Denver will be responsible for property taxes and SP Plus will pay for all insurance and maintenance costs. SP Plus Corporation will pay annual rent of $120,000. In addition, the lease provides revenue participation with MVP Denver receiving 70% of gross receipts over $160,000. The term of the lease is for 10 years. On March 7, 2016, the Company, along with MVP REIT executed a purchase agreement to sell the 10th Street Lot for a purchase price of $5.8 million. The purchase agreement provides that the buyer will pay approximately $1.7 million in cash at the closing with the remaining approximately $4.1 million being paid pursuant to a promissory note payable over a period of two years with interest only payments at a rate of 6.5% per annum. The purchase is subject to a thirty day due diligence period. In addition the property will be subject to a parking restriction agreement prohibiting the use as a paid public parking facility for a period of up to 20 years. The Company anticipates no gain or loss will be recognized on the sale of the 10th Street lot. There can be no assurance when and if this sale will be completed. In addition, MVP REIT, through a subsidiary entity, entered into a purchase agreement effective as of March 9, 2016 to purchase a parking lot for approximately $5.7 million in cash. It is anticipated that the Company will joint venture with MVP REIT and that the Company will own an approximate 10% interest in the subsidiary entity. The parking lot is located in Cleveland, Ohio and consists of approximately 274 parking spaces. It is anticipated that the lot will be leased to a national parking lot operator on terms to be negotiated. The purchase is subject to satisfactory review and due diligence. It is anticipated that the purchase will close on or around April 21, 2016, however, there can be no assurance when and if this acquisition will be completed.

Subsequent Events

8 Months Ended

Dec. 31, 2015

Note I — Subsequent Events

The following subsequent events have been evaluated through the date of this filing with the SEC.

Since January 1, 2016 through the date of this filing, the Company issued 94,749 additional shares and received approximately $2.4 million in additional proceeds from its initial public offering of its common stock form.

On January 2, 2016, the Company has entered into a joint venture with MVP REIT, Inc. (“MVP REIT”) to purchase the membership interests of an entity that owns two parking lots located in Minneapolis for a purchase price of approximately $15.5 million plus closing costs. The purchase shall be accomplished through a limited liability company owned jointly by the Company and MVP REIT (collectively, “Minneapolis Venture”). The Company’s share of the purchase price is approximately $2,000,000 plus closing costs, and the Company owns a 12.91% interest in the Minneapolis Venture. The first parking lot is located at 1022 Hennepin Avenue (the “Hennepin lot”). The Hennepin lot consists of approximately 90,658 square feet and has approximately 270 parking spaces. The second parking lot is located at 41 10th Street North (the “10th Street lot”). The 10th street lot consists of approximately 107,952 square feet and has approximately 185 parking spaces. In addition, it is anticipated that the 10^thStreet lot will be closed after approximately 90 days and will be listed for sale for development purposes.

Both the Hennepin lot and 10^th Street lot will be leased by SP Plus Corporation, a national parking operator, under a net lease agreement where Minneapolis Venture will be responsible for property taxes and SP Plus will pay for all insurance and maintenance costs. SP Plus will pay a cumulative annual rent of $800,000 which will not be reduced if and when the 10^th Street lot closes. In addition, the lease provides revenue participation with Minneapolis Venture receiving 70% of gross receipts over $1,060,000 but not in excess of $1,300,000 plus 80% of annual gross receipts in excess of $1,300,000. The term of the lease is for five years.

On February 12, 2016, the Company along with MVP REIT through MVP Denver 1935 Sherman, LLC ("MVP Denver"), a Nevada limited liability company owned 24.49% by the Company and 75.51% by MVP REIT, closed on the purchase of a parking lot for approximately $2.4 million in cash, of which the Company’s share was $0.6 million. The parking lot is located at 1935 Sherman Avenue, Denver, Colorado (the “Denver Lot”). The Denver Lot consists of approximately 18,765 square feet and has approximately 72 parking spaces. The Denver Lot is leased by SP Plus Corporation under a net lease agreement where MVP Denver will be responsible for property taxes and SP Plus will pay for all insurance and maintenance costs. SP Plus Corporation will pay annual rent of $120,000. In addition, the lease provides revenue participation with MVP Denver receiving 70% of gross receipts over $160,000. The term of the lease is for 10 years.

On March 7, 2016, the Company, along with MVP REIT executed a purchase agreement to sell the 10th Street Lot for a purchase price of $5.8 million. The purchase agreement provides that the buyer will pay approximately $1.7 million in cash at the closing with the remaining approximately $4.1 million being paid pursuant to a promissory note payable over a period of two years with interest only payments at a rate of 6.5% per annum. The purchase is subject to a thirty day due diligence period. In addition the property will be subject to a parking restriction agreement prohibiting the use as a paid public parking facility for a period of up to 20 years. The Company anticipates no gain or loss will be recognized on the sale of the 10th Street lot. There can be no assurance when and if this sale will be completed.

In addition, MVP REIT, through a subsidiary entity, entered into a purchase agreement effective as of March 9, 2016 to purchase a parking lot for approximately $5.7 million in cash. It is anticipated that the Company will joint venture with MVP REIT and that the Company will own an approximate 10% interest in the subsidiary entity. The parking lot is located in Cleveland, Ohio and consists of approximately 274 parking spaces. It is anticipated that the lot will be leased to a national parking lot operator on terms to be negotiated. The purchase is subject to satisfactory review and due diligence. It is anticipated that the purchase will close on or around April 21, 2016, however, there can be no assurance when and if this acquisition will be completed.