Offering is for 185 rental slips plus controlling (80%) interest in dockominium association
High-quality asset that has been well-maintained by current owner with regular upgrades
Revenue is exclusively derived from slip rentals
Strong in-place cash flow that is projected to increase
8.58% CAP rate based on asking price
OVERVIEW
185 slips owned by the seller and the seller's 79.96% interest in the Condominium Association for slip owners
Marina Office - 525 SF
Marina Bathhouse & Laundry - 500 SF
Yacht Club building - 480 SF