Simply Marinas Advises on Sale of Chula Vista

Simply Marinas partnered with Income Property Group to facilitate the sale of Chula Vista Marina in San Diego, California. Simply Marinas was recruited by Income Property Group to assist as a marina investment advisor for this confidential offering.

Chula Vista Marina is a rare find in the marina market in terms of scope, size, and urban coastal location. The 500+ wet slip marina retains income primarily from slip rentals that can accommodate boats between 24 and 54 feet and end ties capable of handling boats to 120 feet. Chula Vista also features an on-site waterfront restaurant, climate-controlled self-storage, dinghy and bike racks, a pet grooming station, and boater lounge and meeting area.

The buyer plans to upgrade the marina into a first class facility with modern amenities to match with the area’s new developments.