The Marinas at Little Harbor, Tampa, FL
The Background and Challenge
Confidential Exclusive Offering
These trophy marinas offered an incredible acquisition opportunity of two prime marinas in theTampa Bay area with 200+ wet slips and 200+ enclosed dry rack slips at full occupancy. The marina boastscomplete amenities including tennis courts, gym, pool, laundry room, and lobby. It has Long term NNN tenants.The asset has mostly rental income. 2 vacant lots were included in the sale.
The Results
The owner requested that we present the marina under strict confidentiality. We presented an offering summarywith an ID number instead of the name and location; once signed, we related the name, only to qualified buyerswith strong interest. We procured a buyer who worked with us previously to identify the right marina. The buyercompleted his due diligence subject to the dry storage expansion. Our team, along with the seller and buyer,worked together to secure the permit. This added tremendous value to the acquisition. The Simply Marinasteam represented both parties.
People are talking ...
We’ve been actively seeking the right marina acquisition for some years now. With their in-depth knowledge ofthe marina market, the Simply Marinas team has shared many potential acquisition opportunities with us. Wehave been disciplined in waiting for the right deal that fit our acquisition criteria. Ultimately, Port CharlesHarbor, MO, one of Simply Marinas’ exclusive listings, fit the bill. George Ash and Michelle Ash facilitated thetransaction, leading to a successful closing. They were professional and reliable throughout the process. Welook forward to working with them again