| Reduced from $3,500,000 to $2,600,000 11.18% CAP |
| The restaurant business will be retained by the seller and leased the building from the new owner. Buying the restaurant is an option. |
| Water and sewer on site. Also, in front of additional development land included. |
| Because of the BOA structure, with the Marina currently owning 40 of 73 slips, and 29 of those 40 slips being free in exchange for managing the pier. |
| Leaves the Marina paying for 11 slips and private owners paying for 33. |
| The Marina only funds 25% of the pier expenses, with the other owners funding 75% of the pier costs. |
Steven Ekovich
Leisure Investment Properties Group
