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Marina for Sale: Confidential NC Rack Storage Marina – ID: SM NC42

Price: $6,000,000
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Overview

Well located on the ICW with quick, unencumbered, access to the Atlantic

This is a rare opportunity to acquire a full service rack storage marina on North Carolina’s Intracoastal Waterway with quick, unencumbered access to the Atlantic Ocean. The marina sits on approximately 7.91 gross fee simple acres (2.65+/- acres upland & 5.26 acres wetland/marshland).  The facility offers 254 dry rack slips across a combination of an enclosed dry-stack building, a three-sided/covered dry-stack building, three open-air/uncovered dry-stack racks, and open-air/ground level racks.

Local Broker of Record:
John Lennoon
Coldwell Banker Suncoast Partners
1430 Commonwealth Dr #102
Wilmington, NC 28403

Marina Marketing and Investment Adviser:
George Ash
Simply Marinas
4000 Ponce De Leon Blvd, Suite 470
Coral Gables, FL 33146
352.262.5784
george.ash@simplymarinas.com

Highlights

  • 100% Occupancy with a wait list
  • 254+/- dry rack slips
  • 28+/- wet slips
  • Parts & service department
  • Retail store | Offices | Captain’s club  |  Rest rooms/showers
  • Fuel Dock
  • 1 x 10,000 gallon above-ground gas tank 1 x 10,000 gallon above-ground diesel tank
  • 7.91+/- gross fee simple acres
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The Opportunity

An owner can benefit from incremental rate increases, as the facility is currently and historically at full occupancy. Converting the open-air racks to covered or enclosed racks will bring a an additional premium on rents. Additionally, a boat rental fleet can be introduced.

 

For More Information

Michelle Ash
Principal
(305) 439-9581
George Ash
National Director
(352) 262-5784