Crown Pointe Marina - Chesapeake Bay

Hayes, VA (Gloucester County)

Seller Financing Available
Crown Pointe Marina

Asking Price:$1,800,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:N/A

Established:N/A

Crown Pointe Marina - Chesapeake Bay

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Business Description

Marcus & Millichap Leisure Investment Properties Group is pleased to offer Crown Pointe Marina. This offering represents a great opportunity to acquire an established, full-service marina located only 35 minutes from Newport News and Williamsburg. 1.9 million people live within 50 miles of the marina. Facility includes 217 wet slips, fuel dock, boat repair building with fenced yard, two swimming pools, and clubhouse. Marina is a proven income generator with $212,000 of in-place NOI, which equates to a very reasonable 11.8% cap rate on the asking price. Tremendous upside in leasing additional slips, expanding repair business, or adding other revenue streams such as boat rentals. Property may qualify for favorable SBA financing. Owner is open to financing as well for qualified buyers. Broker of Record is Bryn Merry, Marcus & Millichap REIS, Lic. VA BK 0224215804.

Attached Documents


Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Financing:
Possible
Reason for Selling:
Focus on other investments
Business Website:
http://www.crownpointemarina.com

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Andrew Cantor

Business Listed By:
Andrew Cantor

Marcus & Millichap

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