Marina for Sale: Shelter Cove Marina – San Diego, CA
Overview
Class-A wet slip marina for sale in a prime West Coast MSA
Shelter Cove Marina is an iconic fixture on North San Diego Bay's America's Cup Harbor. This is a once in a lifetime opportunity to acquire a marina in one of the most desirable boating markets in the Unites States.
Shelter Cove Marina is a first-class wet slip marina that is absentee owned and turnkey. The marina derives nearly all of its income from slip rentals and multiple commercial tenants. This is a rare, truly passive, marina investment opportunity.
Michelle Ash, Marina Investment & Marketing Adviser
SIMPLY MARINAS
4000 Ponce De Leon Blvd, Suite 470
Coral Gables, FL 33146
ash1@simplymarinas.com
305-439-9581
Eric Israel, Broker of Record
Virtual Realty Group Inc.
CA License #: 01412095
92 corporate park. Suite 744
Irvine, CA 92606
TeamVRG@gmail.com
949-302-8100
Highlights
- Shelter Cove Marina holds ownership of the master lease with the San Diego
Unified Port District. There is no fee simple land associated with the sale. - Vast majority of income is derived from slip and commercial tenant leases
- Absentee owned with management in-place
- 161+/- Floating Construction Recreational Boat Slips
- Approximately 6,100 linear feet of dock space
- 12,000 sq. ft. commercial building (6,000 sq. ft. leasable)
- Commercial business tenants
- Slip occupancy is estimated at 98% with a waiting list at certain slip sizes
- The commercial space in the building has a high occupancy rate, providing the marina owner consistent 3rd party commercial tenant rental income.
- Certified as Clean Marina
- The Marina has an electronic key security system
The Opportunity
This facility is at full occupancy with consistent year-over-year growth. Revenue growth is built-in via future incremental rate increases.
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Map
Contact us for a complimentary strategic consultation and preliminary valuation.
