Marina Sales

MMG Acquires Chesapeake Bay Area Marinas
Monument Marine Group (MMG), a Baltimore-based investment firm has acquired Nomad Norview Marina, Nomad Shelter Cove Marina, and Nomad McDaniel Yacht Basin. All properties are on the Chesapeake Bay in Maryland and Virginia.

Shelter Cove has 150 slips, fuel, and gas sales, and can accommodate boats up to 50 feet. Norview is a full-service, 100 slip, facility with many amenities like a pool and water sport rentals. McDaniel Yacht Basin features 200 slips and offers maintenance and repairs, as well as a pool and ship’s store.

Leisure Investment Properties Group Brokers Sale of Coan River Marina
The Leisure Investment Properties Group brokered the sale of Coan River Marina in Lottsburg, Virginia, an area in the Northern Neck of the state. Brett Murphy, vice president of investments was the lead marina advisor for the transaction and indicated the property offered opportunity for expansion of the facilities and amenities.

The marina, located near the confluence of the Potomac River and the Chesapeake Bay, has 60 wet slips on deepwater and a fuel dock with new pumps. A 25-ton Marine Travelift services the boatyard portion of the facility and landside there is space for more than 100 vessels. The sale brought in multiple offers resulting in a contract-to-closing of just 34 days.

Port 32 Acquires the Marina at Ortega Landing
Port 32 Marinas LLC has acquired The Marina at Ortega Landing in Jacksonville, Florida. The luxury marina is part of a river home development that sits in a protected cove along the St. Johns and Ortega Rivers. The facility will be renamed Port 32 Jacksonville.

Home to 192 slips accommodating boats up to 130 feet, the marina offers numerous amenities for its tenants. A professionally designed Captain’s clubhouse is a highlight along with a pool, hot tub, and outdoor grilling patio. The marina has traditionally hosted a variety of weekend events that the new owner plans to continue.

Suntex Marinas Acquires Largest Protected Inland Marina on Lake Tahoe
Suntex Marina Investors, LLC has purchased Tahoe Keys Marina on the southern shore of Lake Tahoe in the city of South Lake Tahoe, California.
The marina includes approximately 270 wet slips for vessels ranging in length from 22 to 100-feet, outdoor dry storage for up to 150 boats, three above ground storage tanks providing gasoline and diesel fuel, and a boat ramp. The property also includes three commercial buildings that will accommodate a restaurant, retail, and office space.

Simply Marinas Brokers Sale of Two Tennessee Marinas
Simply Marinas has brokered two off-market marina sales in Tennessee through the use of the Simply Marinas’ confidential network. The owner of both Four Corners Yacht Club and Cedar Creek Marina, two of Tennessee’s largest, first-class marina resorts, had an established, long-term relationship with Simply Marinas. He contacted Simply Marinas to test the waters on a sale in this strong market. Both assets were under agreement within a week.
The properties, purchased by Southern Marinas, encompass more than 1,550 wet slips, a new, high-end RV park, vacation rental cabins, and a rental fleet. Cedar Creek offers fuel, a restaurant, a ship’s store, and a launch ramp. Four Corners can accommodate boats up to 100-feet in length. Rentals make up its primary income source.

SC State Ports Authority Terminal Sells to Safe Harbor Marinas
Safe Harbor Marinas acquired the former South Carolina State Ports Authority terminal in downtown Port Royal.

Gray Ghost Properties had owned the property since it purchased it for $9 million in 2017 from the South Carolina Ports Authority. The property includes the 240-unit Butler Marine Dry Stack and Sales; a concrete 70,000 square-foot shipping terminal built in 1959; and close to 50 acres of developable land. The entire property spans 317 acres, much of which is marshland.

Southern Marinas Acquires Tennessee and Florida Marinas
Tims Ford Marina and Resort in Winchester, Tennessee and Harbortown Marina in Merritt Island, Florida have been sold to Southern Marinas Holdings II LLC, a partnership between a Denver-based private investment firm and Southern Marinas LLC.

Tims Ford is a full-service marina and resort sitting on a hilltop point overlooking the 10,700-acre Tims Ford Lake and adjacent to Tims Ford State Park. The property features wet slips, RV sites, cabin rentals, fuel, boat rentals and a Freedom Boat Club, and the year-round restaurant Hard Dock Café. The state park offers swimming, hiking, golfing, and fishing, as well as access to the lake that is one of the deepest in the state and regarded as a top bass fishing spot. The company plans to add amenities and services to enhance the member experience.

Harbortown Marina is centrally located between the Indian and Banana Rivers and has nearby deep water access to the Atlantic Ocean. The property includes wet slips, covered and uncovered dry storage, a ship’s store, fuel dock, service department, restaurant, heated pool, shower and laundry facilities, dog park, and a member pavilion. The facility is close to Port Canaveral and the Kennedy Space Center and just 40 minutes from Orlando.

Suntex Marina Investors Acquires More Florida Properties
Dallas, Texas based Suntex Marina Investors LLC purchased Seahaven Marina located in Dania Beach, Florida, and Caloosa Cove Resort and Marina located in Islamadora in the Florida Keys.

Seahaven is known as Broward County’s premier luxury protected harbor for superyachts with easy access to the airport by land and to the Atlantic Ocean by water. The facility can accommodate boats up to 250 feet and offers security through managed pedestrian access and surveillance monitoring. In addition to high security, the marina also offers bulk fuel delivery, in-slip pumpouts, a private club for captains and crew, a fitness center, office space, and a recreation center. Seahaven has state-of-the-art concrete docks and is a certified Florida Clean Marina.

Caloosa Cove is situated on approximately 15 acres just one and a half hours east of Key West and two hours south of Miami. The marina is a destination property with a general and ship’s store, roadside and marina fuel, an ocean-view restaurant, and a resort with apartment-style units with ocean views from all rooms. The marina consists of approximately 32 wet slips that can accommodate vessels up to 65-feet and 88 dry slips for boats up to 34-feet. Of the dry slips, approximately 76 are covered in a hurricane-rated barn. The adjoining vacation ownership resort has 30 apartment-style units overlooking the ocean and marina. The Safari Bar & Grill is a historic oceanfront bar and restaurant, popular with locals and tourists, that is newly remodeled and slated to open under a new name in this summer. Most of the property has been recently refurbished, with plans underway to continue the renovation.