Chula Vista Marina, San Diego, CA
The Background and Challenge
Confidential Exclusive Offering
Chula Vista Marina is a trophy marina, in San Diego’s South Bay, that has been family developedand owned for over 40 years. Its 550 wet slips serve vessels large and small. Situated beside the city’s Class Aurban setting, Chula Vista Marina is surrounded by impressive new developments, making it among the nation’smost appealing marina projects.
The Results
The Chula Vista Marina general partner contacted the Simply Marinas team following a national search formarina advisors to secure a joint venture partner to redevelop the property. Working in partnership with realestate broker, Income Property Group, CA, our team identified 30 possible prospects. We then found the idealpartner, who uniquely complemented the managing partner’s competencies. Simply Marinas’ ability to secureinvestors and manage the transaction highlights the skills our veteran marina professionals deliver to everytransaction. The marina has a projected EBITDA of $3M+.
People are talking ...
When we first decided to seek out a joint venture partner to redevelop our existing marina, we had no idea howto reach the types of companies and individuals who might be interested in partnering with us. After contactingthe Simply Marinas team, we were presented with a steady flow of interested and qualified potential partners ofvarying sizes and capacities, from which we were able to choose a JV partner who was just the right fit for us,and ultimately a buyer for our interest. The team’s in-depth knowledge of the marina industry was invaluable asa marina advisory group. They were skillful in helping us in navigating our options, and we highly recommendthem.