Simply Marinas brokered the sale of Coconut Cay RV Park and Marina in Marathon, Florida. It was a confidential off-market offering. The asset sold in all cash transaction with a short due diligence period. The purchaser benefited from completing his 1031 exchange smoothly with another off market marina he owned and sold through Simply Marinas as well. Michelle Ash, Simply Marinas’ owner and broker represented both parties. The purchaser also purchased Key Colony Beach Marina, a listing of Simply Marinas.
This is a prime popular location in the Florida Keys across from Marathon airport. The RV Park and Marina are both at full occupancy with an adjacent parcel for expansion. It took time and diligence to find the right property that matched the purchaser’s criteria. The combination of the RV Park and Marina in the Florida Keys in such a prime location is a valued acquisition. The asset is within minutes from Marathon Airport.