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Marina Sold: Northport Bay Boat Yard, MI

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Overview

  • Great cash flow/Cap rate north of 10%
  • Established facility with full occupancy and great demand
  • Outstanding management in place
  • One of Michigan’s prime boating locations
  • One of the area’s largest service & storage facilities
  • 133,000+/- sq ft heated & cold storage
  • 15 wet slips with three boat wells, 3 travel lifts/ launch ramp
  • One of the best MI shipyards with a great reputation
  • There is clear upside for storage expansion on the 40+/- acres

Location

Located on Lake Michigan's Grand Traverse Bay. This world-class facility is within cruising distance to some of the most popular cruising ports in northern Lake Michigan.