Oak Harbor Marina, Louisiana | Incredible Buying Opportunity

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Asking Price:
 Not Disclosed

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
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Business Description

- This destination marina sits on fee-simple submerged land of approximately 17 acres.
- The offering also includes two adjacent upland lots estimated to be around 2.3 acres.
- Prior to hurricane Katrina, the marina had 9 docks (5 floating and 4 fixed) totaling approximately 382 wet slips as well as 25 units for dry storage. The current, post-Katrina configuration, consists of 3 fixed docks totaling approximately 97 slips.
- The asset is being sold below land value which is assessed at approximately $1.75mm.
- The average slip can accommodate boats that are 20' wide by 50' long. The three T-head slips can accommodate boats up to 110'.
- Electric at each slip is individually metered. Each slip also has water, cable and WiFi.
- The marina is situated adjacent to a popular restaurant.
- Slips can only be accessed through key-pad protected gates.

About the Business

Location:
Slidell, Louisiana
Real Estate:
Owned
Growth & Expansion:
The marina is currently owned absentee and the owners have a good level of motivation. They own multiple real estate assets in other commercial asset spaces nationwide, but not in the marina space. They are selling due to unique circumstances. A new motivated hands-on owner can create quick upside in the short term with maintenance and marketing; and long term tremendous upside with rebuilding the marina that once had nearly 382 slips.

Being that the large 17 acres basin is in fee simple, the slips can be condoed and/or the basin can be filled to suit a new marina owner’s vision. For example, a floating pool can be added along with new piers subject to new application with the county.

The main opportunity lies in the fact the asset could sell below the assessed market value of approximately $1.73mm for the basin and the upland lots together.

Broker of Record:
Coldwell Banker Group One Realty
2115 Justice Street
Monroe, LA 71201
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Listing Info

ID:
1643469
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Business Listed by

George Ash

Simply Marinas

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Sponsoring Broker:

Michelle Ash
Simply Marinas
License# BK3028983


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