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...]
Self-Docking 2.0
From TradeOnlyToday … [Read more...]
**SOLD** Martha’s Vineyard Marinas
Martha's Vineyard, MA PRICE: Undisclosed Portfolio of marinas on Martha's Vineyard. The portfolio consists of a total of 60 wet slips, 42 moorings, 90 outdoor dry stack spaces, indoor dry storage for hundreds of vessels, commercial and residential tenants, year-round full service repair and maintenance, fuel, rental boats, and fully stocked ship's stores. CITY: Martha's Vineyard STATE: MA WET SLIPS: 60 DRY RACKS: 90 PRICE: Undisclosed OCCUPANCY RATE: 100 MARINE STORE: Yes FUEL DISPENSING: Yes BOAT SALES: Possible BOAT BROKERAGE: Possible BOAT RENTALS: Yes MARINE SERVICE: Yes PARTS: Yes WINTER … [Read more...]
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