2240 Shelter Island Dr - Marinas FOR SALE


San Diego, CA 92106- La Playa
$29,500,000 USD
305-390-0397
2240 Shelter Island Dr, San Diego, CA for Sale
$29,500,000 USD
Marinas - FOR SALE
1/3
null | Request Cap Rate

2240 Shelter Island Dr
San Diego, CA 92106
La Playa


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 | Certified as Clean Marina
  • 161+/- Floating Construction Recreational Boat Slips | Approximately 6,100 linear feet of dock space
  • Commercial business tenants - 12,000 sq. ft. commercial building (6,000 sq. ft. leasable)
  • Slip occupancy is estimated at 98% with a waiting list at certain slip sizes

OVERVIEW

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

FOR SALE DETAILS

PRICE

$29,500,000 USD

PRICE/SF

$2,418 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.54 AC

LAND SF

328,442 SF

ZONING

M

APN/PARCEL ID

760-003-56

ASK ABOUT THIS PROPERTY

George AshMichelle Ash, Simply MarinasMore Info
305-390-0397

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George AshMichelle Ash, Simply MarinasMore Info
305-390-0397

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.