MarinasForSale.com is pleased to announce the sale of Captain’s Cove Marina, a 180 slip deep water “yacht club” style marina set in the protected inlet of Quincy’s Town River Basin, with direct bridge-free access to Boston Harbor and Massachusetts Bay via a dredged deep-water channel. Slip tenants enjoy dockside power and water, bathrooms with showers, pump out service, picnic area with grills, on-site parking, ice and dock staff. Full marine service, maintenance and repair, fueling, haul & launch, on land winter storage, bait and tackle shops are all within a half mile. This marina offers dockage for power and sailing vessels up to 80′ in length and/or a 20’ draft. Easily managed with a … [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...]
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...]