UNPRICED | FIRST-CLASS MARINA IN PREMIER BOATING … · 2019. 4. 17. · • healthy marina market...
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SUNSET BAY MARINA HULL, MA (BOSTON MSA) UNPRICED | FIRST-CLASS MARINA IN PREMIER BOATING MARKET
Transcript of UNPRICED | FIRST-CLASS MARINA IN PREMIER BOATING … · 2019. 4. 17. · • healthy marina market...
SUNSET BAY MARINAHULL, MA (BOSTON MSA)
UNPRICED | FIRST-CLASS MARINA IN PREMIER BOATING MARKET
Sunset Bay is only a 10-minute boat ride from downtown Boston.
INVESTMENTHIGHLIGHTS• LOCATED ON BOSTON’S SOUTH SHORE -
ONLY A 10-MINUTE BOAT RIDE FROM DOWN-TOWN BOSTON
• MODERN FACILITY WITH 161 NUMBERED SLIPS, 1,039 LINEAR FEET OF FACE DOCK, AND 40 PERMITTED MOORINGS
• 97% OCCUPIED IN WET SLIPS
• $809,000 NOI FOR 2018 (PRELIM); $863,000 NOI PROJECTED FOR YEAR 1
• HEALTHY MARINA MARKET WITH HIGH MARINA OCCUPANCIES AND SLIP RATES
• SEVERAL OPPORTUNITIES TO INCREASE REVENUE AND NOI INCLUDING RENT INCREASES IN WET SLIPS, ADDING NEW SLIPS, LEASE-UP OF MOORING FIELD, BOAT RENTAL OR BOAT CLUB, AND BUILDING ADDITIONAL INDOOR STORAGE
Over 2,738,000 people live within 20 miles of Sunset Bay.
Quincy is a major employment and residential area within the Boston MSA.
A Street Pier
Main Dock
Fuel Dock
D Dock A Dock
B Dock
C Dock
Local 02045 Restaurant
Service & Repair
Hull Bay
Atlantic Ocean
Matt PutnamManaging DirectorLeisure Property AdvisorsColliers International | Tampa BayOne Urban Centre4830 West Kennedy Blvd, Suite 300 Tampa, FL 33609Direct: +1 813 871 8538Mobile: +1 727 687 [email protected] License #: SL3199957
Andrew CantorManaging DirectorLeisure Property AdvisorsColliers International | Atlanta1230 Peachtree Street NEPromenade, Suite 800 Atlanta, GA 30309Direct: +1 404 978 2347Mobile: +1 404 217 [email protected] License #: BKR 287104
Dan Grovatt DirectorLeisure Property Advisors Colliers International | Tampa BayOne Urban Centre4830 West Kennedy Blvd, Suite 300 Tampa, FL 33609Direct: +1 813 871 8509Mobile: +1 856 397 [email protected] License #: SL3302080
CONTACT INFORMATION
Gerard H. McDonough, MAI, FRICSMarinevestNewport ShipyardOne Washington StreetNewport, RI 02840 Direct: +1 401 480 [email protected] BRK#: 137243
BROKER OF RECORD:
David GoodhueExecutive Managing DirectorColliers International | Boston160 Federal Street, 11th FloorBoston, MA 02110
