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2240 Shelter Island Dr 12,200 SF Specialty Building Offered at $40,783,752 CAD in San Diego, CA 92106
INVESTMENT HIGHLIGHTS
- Shelter Cove Marina holds ownership of the master lease with the San Diego Unified Port District. There is no fee simple land associated with the sale
- Absentee owned with management in-place | Certified as Clean Marina
- Commercial business tenants - 12,000 sq. ft. commercial building (6,000 sq. ft. leasable)
- Vast majority of income is derived from slip and commercial tenant leases
- 161+/- Floating Construction Recreational Boat Slips | Approximately 6,100 linear feet of dock space
- Slip occupancy is estimated at 98% with a waiting list at certain slip sizes
EXECUTIVE SUMMARY
Shelter Cove Marina is an iconic fixture on North San Diego Bay's America's Cup Harbor. This is a once in a lifetime opportunity to acquire a marina in one of the most desirable boating markets in the Unites States.
Shelter Cove Marina is a first-class wet slip marina that is absentee owned and turnkey. The marina derives nearly all of its income from slip rentals and multiple commercial tenants. This is a rare, truly passive, marina investment opportunity.
Michelle Ash, Marina Investment & Marketing Adviser
SIMPLY MARINAS
4000 Ponce De Leon Blvd, Suite 470
Coral Gables, FL 33146
ash1@simplymarinas.com
305-439-9581
Eric Israel, Broker of Record
Virtual Realty Group Inc.
CA License #: 01412095
92 corporate park. Suite 744
Irvine, CA 92606
TeamVRG@gmail.com
949-302-8100
PROPERTY FACTS
| Price | $40,783,752 CAD | Building Class | C |
| Price Per SF | $3,342.93 CAD | Lot Size | 7.54 AC |
| Sale Type | Investment or Owner User | Building Size | 12,200 SF |
| Sale Condition | Business Value Included | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1992 |
| Property Subtype | Marina | ||
| Zoning | M - Manufacturing/Industrial | ||
| Price | $40,783,752 CAD |
| Price Per SF | $3,342.93 CAD |
| Sale Type | Investment or Owner User |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Marina |
| Building Class | C |
| Lot Size | 7.54 AC |
| Building Size | 12,200 SF |
| No. Stories | 2 |
| Year Built | 1992 |
| Zoning | M - Manufacturing/Industrial |
AMENITIES
- Waterfront
ABOUT 2240 SHELTER ISLAND DR , SAN DIEGO, CA 92106
Class-A wet slip marina for sale in a prime West Coast MSA Shelter Cove Marina is an iconic fixture on North San Diego Bay's America's Cup Harbor. This is a once in a lifetime opportunity to acquire a marina in one of the most desirable boating markets in the Unites Sates. Shelter Cove Marina is a first-class wet slip marina that is absentee owned and turnkey. The marina derives nearly all of its income from slip rentals and multiple commercial tenants. This is a rare, truly passive, marina investment opportunity. Michelle Ash, Marina Investment & Marketing Adviser SIMPLY MARINAS 4000 Ponce De Leon Blvd, Suite 470 Coral Gables, FL 33146 ash1@simplymarinas.com 305-439-9581 Eric Israel, Broker of Record Virtual Realty Group Inc. CA License #: 01412095 92 corporate park. Suite 744 Irvine, CA 92606 TeamVRG@gmail.com 949-302-8100
PROPERTY TAXES
| Parcel Number | 760-003-56 | Improvements Assessment | $3,241,328 CAD |
| Land Assessment | $3,886,628 CAD | Total Assessment | $7,127,956 CAD |
PROPERTY TAXES
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2240 Shelter Island Dr
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