Strategically located on Main Street and Moosabec Reach in the Gulf of Maine, home of the World’s Fastest Lobster Boat Races, Jonesport Shipyard is a welcomed destination for fishermen, local boaters and visitors sailing the Maine coast. The Shipyard offers a wide array of services, including wood and fiberglass boat and engine maintenance and repairs, commissioning and decommissioning, hydraulic boat handler, boom truck services, seasonal waterfront and layover services and off-season storage. Its service facilities include a modern 50’ x 70’ radiant-heated primary boat shop housing two work bays, a chandlery store, and offices in its mezzanine. A second 40’ x 50’ boat shop is used for … [Read more...]
Safe Harbor Marinas To Be Acquired For $2.1B
Southfield, Michigan, Sept. 29, 2020 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the "Company" or "Sun"), a real estate investment trust ("REIT") that owns and operates or has an interest in manufactured housing and recreational vehicle communities, today announced that it has entered into a definitive merger agreement to acquire Safe Harbor Marinas, LLC ("Safe Harbor"). Safe Harbor's full operating team, led by Baxter Underwood, will run Safe Harbor as a subsidiary of the Company independently from Sun's manufactured home and recreational vehicle community business. Safe Harbor is the largest and most diversified marina owner and operator in the United States. It owns and … [Read more...]
***SOLD*** Getaway Marina
The offering includes five separate abutting parcels (see property identification section within). The first year a building on this site appeared on the Tax Roll was 1957. The Marina occupies about 0.6 acres of upland and a little over one acre of owned submerged land. Although the largest slip can handle a boat up to 100 ft, most of the 14 fixed wet slips are designed to handle 40 ft boats. There are two buildings on the property: an office building of 1,440 sq ft split into three sections over which is a 1,440 sq ft three bedroom leased apartment, plus a 720 sq ft bait and tackle shop built in 2003. Deep sea fishing charters is the primary business at Getaway Marina. The … [Read more...]
Covid-19 & Marina Valuation
COVID-19 AND MARINA VALUATION Marina pricing has enjoyed more than a decade of improvement as the US economy has grown and stabilized under both Democratic and Republican administrations. But, now enter the Coronavirus which threatens our country’s health and financial systems. Where are we heading? Historically, the marina and recreational boating industries have weathered the financial storms. However, we may be sailing into uncharted waters which may test the resolve of the marina industry and related values. Let us take a look at the previous recessions and how they effected marina values. The main source of marina revenues is storage, both wet and dry slips. This revenue stream … [Read more...]
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