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$3,950,000 Asking Price 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 Offering is for 185 slips owned by the seller and the seller's 79.96% interest in the Condominium Association for slip owners. Revenue is exclusively derived from slip rentals. Glen Cove Marina is a high-quality asset that has been well-maintained by current owner with regular upgrades. 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 that is expected to increase. 8.58% CAP rate based on asking price. For detailed information, please review the Confidentiality Agreement below and agree to the terms and conditions. |
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