Investment Overview This gated waterfront marina and seasonal trailer community is located within a protected cove on the Chain O’Lakes. The property consists of 100 wet slips and 45 seasonal trailer sites situated on 6.08 usable upland acres. The marina benefits from significant recent capital improvements, including channel dredging approximately 3–4 years ago and replacement of nearly 50% of the docks within the last three years. Total Usable Uplands: 6.08 Acres Protected Harbor Location 100 Total Wet Slips 45 Seasonal Trailer Sites (each includes one wet slip) Marina & Revenue Configuration 55 Standalone Slips @ $1,600 per season 45 Trailer Sites @ $3,775 – $7,000 per season (includes slip) Seasonal Standalone Slip Revenue: 55 x $1,600 = $88,000 Storage & Improvements Covered cold storage for 60+ boats under roof (non-heated) Outdoor storage capacity for approximately 60 vessels Two large pole barns (gravel floors) Maintenance building with cement floor, overhead door, and furnace Two launch ramps Two wells and two septic systems Boaters lounge located on the point Duplex – Vacant Value-Add Opportunity The on-site duplex has been intentionally vacated by ownership. Former rents were below market, providing immediate opportunity for renovation and repositioning. Projected Market Rent Potential: Larger Unit: ~$2,000/month Smaller Unit: ~$1,400/month Projected Annual Potential: ~$40,800 Wet Slip Moratorium & Valuation Benchmark There is a moratorium on new wet slips within the Chain O’Lakes, creating a significant barrier to entry for new marina development. Recent market transactions indicate slip values ranging from $12,000 – $15,000 per slip. Implied 100-slip valuation range: $1,200,000 – $1,500,000 (slip component alone). Projected Stabilized Income (Conservative) Revenue Source Annual Projection Trailer Sites (45 @ $5,000 avg) $225,000 Standalone Slips (55 @ $1,600) $88,000 Covered Cold Storage $36,000 Outdoor Storage / Shrink Wrap $60,000 Duplex $40,800 Mechanic Lease (Estimated) $27,000 Projected Gross Revenue: $476,800 Operating Overview The marina operates approximately six months per year. A full-time manager is employed at $50,000 annually and typically brings in one part-time seasonal employee during peak summer months. There are no additional employees, resulting in a lean operating structure and relatively low overhead. Assumed Operating Expense Ratio: ~40% Projected NOI (approx.): ~$286,000 Pricing & Transaction Structure Asking Price: $1,875,000 Due Diligence: 30–45 days Earnest Money: $25,000 at LOI execution + $25,000 at DD completion Earnest money becomes non-refundable after due diligence 15-day closing window following due diligence Confidential Offering – NDA and Proof of Funds required prior to financial disclosure. One-week prior notice required for tours. 48-hour NDA review period.