MarinasForSale.com was launched in 1983 in Falmouth, Massachusetts on Cape Cod. Initially, the firm listed and sold marinas in this state only. Over the years, we have become licensed as real estate brokers in fourteen states and have a working relationship with brokerage firms throughout the United States, Canada, Mexico and The Caribbean.
We enjoy positive relationships with marina lenders for financing of marine facilities throughout the United States, Canada, The Caribbean and Mexico. These financial institutions are based throughout the United States as well as off-shore.
Our firm has been selected by several international firms to locate marinas in North America, Mexico and the Caribbean for acquisition. Sales are generally consummated within 90 days of contractual agreement, often with no contingency for financing. The short term profile of these prospects is to acquire multiple marina properties throughout North America.
One of our functions has been to provide valuation services to marina lenders, the FDIC, State of Florida, expert trial testimony and the US Bankruptcy Court. We have developed a confidential knowledge of internal financial information that assists in determining value of a marina or boatyard based upon the income, market conditions, CAP rates and asset/sale approaches. Appraisers find our data invaluable and often consult with members of our staff to help in their valuations.
Our website www.MarinasForSale.com enjoys a large number of visitors per month. This new marketing tool has proven to be a successful venture into the realm of Internet based sales. Our experience has proven that it is more important to have access to qualified buyers, rather than to concentrate on specific locations or areas. The appetite of major prospects focuses on worldwide locations, diversified cash flow, CAP rates and expectation of future capital gain.
Our services include inspection of the facility, reconstruction of the financials to determine actual cash flow (EBITDA), preparation of an electronic and physical marketing brochure, composition of a comprehensive business plan for financing purposes and assistance with arranging equity participation and mortgage funding, if required. We are sensitive to the need for confidentiality and can limit the public exposure of the offering depending upon an owner’s wishes or needs. Prior to release of any information or identification of the location, our firm qualifies the financial ability of the prospect and requires the execution of a Memorandum of Confidentiality for the protection of the owner. Our fee for services is negotiated and paid only upon a successful sale and full consideration paid to the Seller.
We would be delighted to offer all of our marina experience and expertise to you should you elect to utilize our services.
About Jim Foley
Jim Foley was educated at Boston College, Boston University and Burnside Ott School of Aviation and became licensed as a commercial pilot and flight instructor. Prior to entering the field of real estate, he was employed at the Boston Field Office of the Federal Bureau of Investigation. In 1970, Jim was licensed by The Commonwealth of Massachusetts as a real estate broker and Foley Real Estate was hatched. Over the years, the staff grew to over twenty licensed agents and support staff.
Currently, he serves on The Massachusetts and/or The Cape Cod & Islands Association of Realtors Professional Standards Committee, Mediation Committee, Education Committee and formerly the Grievance Committee. Jim has been certified to teach and has instructed broker and salesperson pre-licensing courses. Presently, Jim holds licenses as a real estate broker in fourteen states.
About Richard MacLellan
Richard MacLellan has been with Marinasforsale since January 2017 focusing on securing listings and selling marinas primarily in the state of Florida & in the Northeast US.
Richard attended Northeastern University, Boston and established MacLellan Property Management 1991 – present.
A background of residential acquisitions and sales in NH, Massachusetts and Florida spanning 47 years set the stage for moving towards marina sales in Florida and the Northeast. Providing strategic solutions and advice for prospects and owners.
State of Florida licensed Realtor 2017 – present
State of Florida Notary 2015 – present
Mass Licensed Realtor 1993 – present
About Leon Moore
Leon Moore has been a Commercial Real Estate Broker for 46 years. He has brokered the sale of Marinas in the Northwest (Seattle), Southeast (Florida, Georgia, S Carolina and N Carolina) and Northeast (Connecticut).
In addition, he has continuously owned and managed Marinas since his initial purchase of Totem Marina (Tacoma, Wa,) a 450 wet slip marina in 1979. Since then, he has continuously owned and managed Marinas in the Northwest (Totem Marina, Crow’s Nest Marina and Quartermaster Harbor Marina), the Southeast (Jonathan’s Landing Marina, Waterways Marina, Northlake Marina in S. Florida and Skull Creek Marina in S. Carolina) and in the Northeast (Niantic Bay Boathouse in Connecticut).
It is a unique resume of experience developed over 46 years of Brokerage, Ownership and Management of Marinas. This multi-layered experience provides the foundation to assist Marina Owners with the sale of their business – or, to assist Buyers with their Marina acquisition and management decisions.