The Leisure Property Advisors of Colliers is pleased to exclusively offer for purchase The Marina at Barnegat Light. Located in Barnegat Light, NJ, the northernmost town on the well-known barrier island of Long Beach Island. Long Beach Island is a popular second home location and vacation rental destination for affluent residents of both the Philadelphia and New York City metro areas.
The Marina at Barnegat Light is a well-established wet slip marina with consistent passive cash flow and significant value-add potential. The marina offers 78 floating wet slips, a 4,400 SF marina building with a third party leased service center. The offering is ideal for owner-operators or first time marina owners.
Great opportunity for either a first time marina owner or owner-operator to acquire a marina with passive cash flow
97% overall occupancy in market that is similarly occupied bodes well for future rate increases
Simple operation with almost 100% of revenue from wet slip rental
Several value-add opportunities exist to increase revenue and income significantly
Popular second home and vacation rental destination with growing, affluent demographics
