Glen Cove Marina is a 222-slip "dockominium" marina located in the North Bay subregion of the San Francisco Bay, one of the major boating centers on the West Coast and just to the south of the world famous Napa Valley Wine Country. The property also includes a historic lighthouse building known as The Lighthouse, which is used as an events facility and a 4-bedroom and 2-bath residential quarters that is used as a VRBO rental.
The Offering is for 187 slips owned by the seller, the seller's 80.7% interest in the Condominium Association for slip owners, and The Lighthouse event venue. Revenue is almost exclusively derived from slip rentals and facility rental. Both the uplands and the basin at the marina are owned fee simple, which is rare for California marinas. Glen Cove Marina has strong in-place cash flow with several areas of upside for the next owner.
For detailed information, please review the Confidentiality Agreement below and agree to the terms and conditions. |