Confidential Dry Stack Marina

New England

Currently Being Offered For $4,700,000

Executive Summary

*Actual Marina Not Shown for Confidentiality

Confidential MarinaRhode Island

Only Fully Enclosed Dry Stack Marina within 40 miles

Over $365k in Service Equipment and Vehicles

4.5 Leased Acres (Current Lease Can Be Extended For 40-50 Years for Qualified Buyers)

Very Strong In-Place NOI

Immediate Access to Great Boating Waters and Several Nearby Cities

Property Highlights Investment Highlights

12.26% Cap Rate On 2017 NOI

EOY 1 Cash-on-Cash of 17.68%

Opportunity to Build Out 70+ Racks for Larger Boats

Will Have the Only Fuel Available for the Entire Harbor

Opportunity to Increase Revenue by Bringing Rates to Market

*Actual Marina Not Shown

*Actual Marina Not Shown for Confidentiality

*Actual Marina Not Shown for Confidentiality

Exclusively Listed By:

Market OverviewThis confidential dry stack marina is located in a well-protected harbor off one of the largest estuaries in the region.New England is a very popular destination for not just powerboats, but sailboats as well (especially in theNarragansett Bay). The property’s location provides permanent and transient boaters access to several big cities andgreat boating waters, along with easy access to the Atlantic Ocean and Martha’s Vineyard. The waters surrounding themarina are heavily sought after for recreation, cruising, and various fishing, including: bluefish, striped bass, fluke,black sea bass, tautog, scup, and more. Other tourist attractions specific for boating destinations are variouslighthouses, islands, inlets, and coves.

In 2017, the property’s MSA had a population of 1.6 million and a median household income of $57,900. From thesurrounding cities, this property attracts seasonal and annual guests for several reasons – one being the luxury ofcalling ahead for marina staff to prepare the boat so it’s ready when the customer arrives.

VISIT US ONLINE AT:www.LeisurePropertiesGroup.com

LEAD ADVISOR - Steven M. EkovichSenior Vice PresidentNational Managing DirectorLeisure Investment Properties Group201 N. Franklin St., Suite 1100Tampa, FL 33602Tel: 813.387.4791Steven.Ekovich@MarcusMillichap.comLic. FL BK3006962 Jeffrey Spilman

Investment AdvisorLeisure Investment Properties Group201 N. Franklin St, Suite 1100Tampa, FL 33602Tel: 813.387.4745Jeffrey.Spilman@MarcusMillichap.comLic. FL: SL513362

Brett A. MurphyInvestment AdvisorSenior Marina AnalystLeisure Investment Properties Group201 N. Franklin St., Suite 1100Tampa, FL 33602Tel: 813.387.4822Brett.Murphy@MarcusMillichap.comLic. FL: SL3371235

Tim Thompson100 High St., Ste. 1025Boston, MA 02110Tel: 617.896.7200 Lic.: SC86628

Market Overview

Broker of Record:

http://www.leisurepropertiesgroup.com/