Contact us for a complimentary strategic consultation and preliminary valuation
Marina Sold: Completed Transaction: JV Redevelopment of 500+ Wet Slip Marina – Projected NOI $3mm – Marina ID# 55
Overview
Completed Transaction
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
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.
Contact us for a complimentary strategic consultation and preliminary valuation.
A. Michelle Ash
Principal
(305) 439-9581
ash1@simplymarinas.com
George Ash
National Director
(352) 262-5784
george.ash@simplymarinas.com