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Marina Sold: JV Redevelopment of 500+ West Slip Marina – Projected NOI $3mm – Marina ID# 55

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Overview

Principals Only (NDA and prospect qualifications required for additional information)

Size $25,000,000.00

Equity $10,000,000.00

This successful marina with over 500 wet slips is located in a Class A urban location anchored in the midst of impressive new projects under development, and in one of the most appealing locations for marinas in the nation.

Highlights

  • North of $3mm projected EBITDA
  • Existing successful marina—current NOI approaching $2mm
  • Over 500 wet slips
  • Plans to expand and update
  • All wet slips rental income
  • Size $25,000,000.00
  • Equity $10,000,000.00
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The Opportunity

This offering presents an opportunity for a joint venture partner to redevelop this existing successful marina, with a rarely available scope and size, as a first class marina with modern facilities and amenities to match with the area’s new exciting developments.

For More Information

Michelle Ash
Principal
(305) 439-9581
ash1@simplymarinas.com
George Ash
National Director
(352) 262-5784
george.ash@simplymarinas.com