Shelter Cove Marina - San Diego, CA
Shelter Cove Marina - San Diego, CA
Marketing description
Class-A wet slip marina for sale in a prime West Coast MSA
Shelter Cove Marina is an iconic fixture on North San Diego Bay's America's Cup Harbor. This is a once in a lifetime opportunity to acquire a marina in one of the most desirable boating markets in the Unites States.
Shelter Cove Marina is a first-class wet slip marina that is absentee owned and turnkey. The marina derives nearly all of its income from slip rentals and multiple commercial tenants. This is a rare, truly passive, marina investment opportunity.
Michelle Ash, Marina Investment & Marketing Adviser
SIMPLY MARINAS
4000 Ponce De Leon Blvd, Suite 470
Coral Gables, FL 33146
ash1@simplymarinas.com
305-439-9581
Eric Israel, Broker of Record
Virtual Realty Group Inc.
CA License #: 01412095
92 corporate park. Suite 744
Irvine, CA 92606
TeamVRG@gmail.com
949-302-8100
Investment highlights
Shelter Cove Marina holds ownership of the master lease with the San Diego
Unified Port District. There is no fee simple land associated with the sale.Vast majority of income is derived from slip and commercial tenant leases
Absentee owned with management in-place
161+/- Floating Construction Recreational Boat Slips
Approximately 6,100 linear feet of dock space
12,000 sq. ft. commercial building (6,000 sq. ft. leasable)
Commercial business tenants
Slip occupancy is estimated at 98% with a waiting list at certain slip sizes
The commercial space in the building has a high occupancy rate, providing the marina owner consistent 3rd party commercial tenant rental income.
Certified as Clean Marina
The Marina has an electronic key security system
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