The Leisure Property Advisors of Colliers is pleased to exclusively offer for purchase Pensacola Marinas (Island Cove, Palm Harbor, and Yacht Harbor). Located in Pensacola, FL, within the Bayou Chico, a small bay connected to larger Pensacola Bay and the Gulf of Mexico, these marinas are strategically located within one mile of each other. This presents a unique opportunity to purchase a three-marina portfolio totaling 201 rental wet slips all managed as a group.
The Pensacola Marinas enjoy a central location along Florida's Gulf Coast within a major boating center, attractive to sailors, cruisers, and sport fishermen. The area is a major vacation destination, attracting vacationers from all across the Southeast.
This listing is for three marinas being sold as a portfolio, operating under one umbrella:
1) Island Cove Marina - 806 Lakewood Road, Pensacola, FL 32507
2) Palm Harbor Marina - 1202 Mahogany Mill Road, Pensacola, FL 32507
3) Yacht Harbor Marina - 3050 Olde Barrancas Avenue, Pensacola, FL 32507
Great opportunity for either an investor or owner-operator to acquire a three-marina portfolio totaling 201 rentable wet slips
All three marinas are within one mile of each other and managed as a group
96% 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 including expansion of wet slips at Island Cove Marina
