Investment Overview

Harbor Marine, located in Bolles Harbor, Michigan, represents a premier investment opportunity in the marina storage sector. Positioned as a "Safe Harbor Port of Refuge," it offers exceptional stability backed by federal and state maintenance, including regular dredging and navigational safety measures. This strategic location not only ensures the long-term viability of the property but also minimizes operating risks, making it an attractive option for discerning investors. The property features a well-maintained, modern marina infrastructure spread over 4.1 acres, including 321 indoor rack spaces, 95 indoor floor spots, and 100 outdoor ground spots. Its adaptable racking and cradle systems maximize space utilization, offering significant revenue per square foot. Additional income streams are derived from winter storage and maintenance services, capitalizing on the community's robust demand for secure, quality boat storage. Financially, Harbor Marine delivers strong returns with an 8.5% cap rate, supported by 100% occupancy and minimal vacancies. The facility’s excellent condition and consistent income generation, coupled with a strategic price of $3.37 million, make it a compelling addition to any investment portfolio. The government-backed maintenance and long-standing customer loyalty further enhance its appeal, providing reliable and predictable cash flow. In summary, Harbor Marine's unique blend of prime location, government-backed assurance, and proven financial performance positions it as a secure, income-generating investment. With a strong track record and resilient customer base, this marina offers both stability and growth potential for investors seeking reliable cash flow and long-term asset appreciation.