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 3257matt.putnam@colliers.comFL License #: SL3199957

Andrew CantorManaging DirectorLeisure Property AdvisorsColliers International | Atlanta1230 Peachtree Street NEPromenade, Suite 800 Atlanta, GA 30309Direct: +1 404 978 2347Mobile: +1 404 217 8898andrew.cantor@colliers.comGA 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 9677dan.grovatt@colliers.comFL License #: SL3302080

CONTACT INFORMATION

Gerard H. McDonough, MAI, FRICSMarinevestNewport ShipyardOne Washington StreetNewport, RI 02840 Direct: +1 401 480 1996gmcdonough@marinevest.comMA BRK#: 137243

BROKER OF RECORD:

David GoodhueExecutive Managing DirectorColliers International | Boston160 Federal Street, 11th FloorBoston, MA 02110