BRADENTON, Fla. – (June 11, 2019) – Bradenton Boat Club, a full-service marina and boat storage facility with storage for over 350 boats, has sold to Southern Marinas, a North Palm Beach-based marina owner and operator.
Colliers International’s Leisure Property Advisors team of Dan Grovatt, Director, and Managing Directors Matthew Putnam and Andrew Cantor, acted as transaction brokers and represented both the buyer and seller in the sale. The seller is Cortez BBC, LLC and Classic Boats, LLC. The price was not disclosed.
The Colliers team listed the property for sale through a 45-day marketing process, which resulted in seven competitive offers from qualified investment groups. The seller selected Southern Marinas because of the company’s vision for the property and their long-term view of the marina industry.
“Marinas continue to be highly sought-after investments because of the high yields they produce,” said Colliers’ Grovatt. “Bradenton Boat Club produces significant storage revenues due to its size and location. The Sarasota-Bradenton area has shown significant growth in the past few years, helping it become one of the Gulf Coast’s most popular boating locations.”
The marina, which was built in 2008, sits on 4.65 acres and offers valet boating and dry stack storage and service for boats up to 38 feet.
In recent years, the facility added such upgrades as a new Hoist Forklift, 10 16,000-pound boatlifts, a 4,000-gallon fuel tank and dispenser system, 55 outside boat storage racks, and a new fire suppression system.
Bradenton Boat Club is located on one of the main thoroughfares to Longboat Key and Anna Maria Island, and is a quick ride to the Gulf of Mexico by water.
Bradenton Boat Club is located at 12160 Cortez Road W. in Cortez, Florida.
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