The Leisure Property Advisors of Colliers International is pleased to exclusively offer for purchase a portfolio of three profitable marinas located on the Chesapeake Bay: McDaniel Yacht Basin, Shelter Cove Yacht Basin, and Norview Marina. Collectively, the properties have boat storage for 655 boats in wet slips and dry racks with the approvals to build an additional 200 dry racks in a new building. This expansion opportunity is significant because local dry rack storage facilities are operating at occupancies of 90% or better. In addition, there is extensive winter storage and service. Although the properties are being offered as a portfolio, the owner may consider offers on individual properties. A fourth marina, Rockhold Creek Marina, with a strategic Mid-Bay location in which the owner has a leasehold interest in, may also be available for purchase.
- Maryland & Virgina