Shelter Cove Marina at 2240 Shelter Island Drive in San Diego is listed at $27,000,000 ($2,213.11 per square foot). The listing calls it a Class-A wet slip marina and an iconic fixture on North San Diego Bay's America's Cup Harbor, and a once-in-a-lifetime opportunity to acquire a marina in one of the most desirable boating markets in the United States.
The marina is absentee owned and turnkey, certified as a Clean Marina, with 161+/- floating construction recreational boat slips and approximately 6,100 linear feet of dock space. Slip occupancy is estimated at 98%, with a waiting list at certain slip sizes. The vast majority of income comes from slip and commercial tenant leases, including a 12,000 square foot commercial building with 6,000 square feet leasable.
Importantly, the marina holds the master lease with the San Diego Unified Port District, and there is no fee simple land associated with the sale. The sale includes business value, on a 7.54-acre site zoned M (Manufacturing/Industrial).
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