Contact us for a complimentary strategic consultation and preliminary valuation
Marina for Sale: West Coast US Wet Slip Marina – ID: SM200
Price: $38,000,000
Overview
Class-A wet slip marina in a prime West Coast MSA
Confidential West Coast Wet Slip Marina - ID: SM200 is an iconic fixture in one of the most desirable coastal urban locations. This is a rare, first-class wet slip marina in the heart of one of the country's biggest boating destinations. The marina has all floating docks. This absentee owned, turnkey marina, derives income from slip rentals and multiple commercial tenants. This is a rare, truly passive, marina investment opportunity.
Highlights
- Vast majority of income is derived from slip and commercial tenant leases
- Absentee owned with management in-place
- 161+/- Recreational Boat Slips
- Approximately 6,100 linear feet of dock space
- 12,000 sq. ft. commercial building (6,000 sq. ft. leasable)
- Commercial business tenants
- Slip occupancy is estimated at 98% with a waiting list at certain slip sizes
- The commercial space in the building is 100% occupied
- The Marina is leasehold – Lease information available with NDA
- Certified as Clean Marina
- The Marina has an electronic key security system
The Opportunity
This facility is at full occupancy with consistent year-over-year growth. Revenue growth is built-in via future incremental rate increases.
Contact us for a complimentary strategic consultation and preliminary valuation.
