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2012 Glen Cove Rd
Vallejo, CA 94591

$3,950,000 USD

Marina For Sale  •  7,722 SF

Property Details

  • Property Type Marina
  • Total Building Size 500 SF
  • Lot Size 17 AC
  • Building Class B
  • Year Built 2000
20 Transit Score
11 Walk Score

Description 

185 slips owned by the seller and the seller's 79.96% interest in the Condominium Association for slip owners
Marina Office - 525 SF
Marina Bathhouse & Laundry - 500 SF
Yacht Club building - 480 SF

Highlights

Offering is for 185 rental slips plus controlling (80%) interest in dockominium association
High-quality asset that has been well-maintained by current owner with regular upgrades
Revenue is exclusively derived from slip rentals
Strong in-place cash flow that is projected to increase
8.58% CAP rate based on asking price

Property Flyers

Amenities

  • Waterfront

Public Transportation

AirportDriveWalkDistance
Metro Oakland International 50 min - 37.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Andrew Cantor 404-978-2347 Colliers
Andrew Cantor 404-978-2347 Colliers