Simply Marinas positioned the asset based on current cash flow and the future development potential. We conducted a national deadline for offers to include our internal network of more than 12,000 marina investors. The team also reached out to national investors and marina associations, placed local and national ads in relevant magazines, and included the property in the SM print mail- out. The marketing generated more than 40 interested prospects. The buyer was in our SM network. This was an acquisition with tremendous upside due to the size of the land across two miles of shoreline with considerable development opportunities.
The buyer who was selected understood the marina potential and current value. We had prior transactions with the buyer and knew he would be the perfect fit. He expedited the process and moved quickly with a short 30- day due diligence period. Marina Dock Age magazine featured the sale.
“I worked with the Simply Marinas team as a buyer and was impressed by their commitment and expertise. I own multiple marinas and I am familiar with the industry. They are on top of their game with total dedication to the client and results. Their commitment and dedication are exemplary. They have the integrity and expertise to effectively manage any marina transaction of any size and complexity. They understand the business and know how to close a transaction. I can’t say enough on how capable and resourceful their team is. “