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Marina for Sale: Confidential Texas Gulf Coast Marina Offering ID: SM53

Price: $16,900,000
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Overview

This is a rare opportunity to acquire a Texas Gulf Coast marina asset with all dry and submerged land owned in fee simple. Fee simple ownership of submerged land is a rare find in this region. All revenue is derived from wet slip rental, making this an easy to manage facility, feasible for absentee ownership. In its current configuration, the marina consists of 295 wet slips, from 35’ – 55’, with t-heads that can accommodate vessels well in excess of 60’. Current ownership is in the process of building an additional 24 slips, which will bring the total slip count to 319.

Local Broker of Record:
Lynn Blakeley
Blakeley Commercial Real Estate
4040 Broadway, Suite 240
San Antonio, Texas 78209
210.724.5111
lynn@blakeleycre.com

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

  • Submerged land and upland owned fee simple
  • Current Slip Count - 295 (with an additional 24 slips currently under construction for a total slip count of 319)
    • Slips can accommodate vessels up to 55' with t-heads that can accommodate boats in excess of 55'
    • Ownership is currently in the process of constructing an additional 24 slips
    • All slips have water
    • Slips have individually metered electricity
  • Amenities: pump-out station, bathhouse, laundry, pool, and clubhouse
  • All revenue is derived from wet slip rental, making management easy for absentee ownership.

For More Information

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