Have you ever considered purchasing a marina?

I was just reading an article in the latest CCIM magazine about investing in Marina properties. It caught my attention because I happen to notice a few marina’s for sale.  In fact, there are quite a few in Washington state.  Here are a few:

http://search.tellusre.com/idx/12777/results.php?stp=listingID&listingID=490031%2C+504438%2C+498547%2C+490146%2C+498117%2C+489722&start=0&per=10

The article provides a good due diligence checklist if you are considering such a purchase.

Other interesting tidbits of info… almost the same number of marina’s reported declines as reported increases in slip fees in 2011.  And, from 2009 to 2010 boat registrations slipped only 2.2% nationwide.

If you would like more information on any of these properties or information on the due diligence process, let me know.