Marina Sold: Northport Bay Boat Yard, MI

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