Yamaha Motorsports Corp Acquires Fort George Island Marina In Jacksonville For $6.1M
9954 Heckscher Dr Jacksonville, FL 32226, USA
$6,100,000
$139/SF
Building Size
43,700 SF
Asset Type
Marina
Closing
Aug 17, 2023
About this deal
AI
The Fort George Island Marina in Jacksonville has been purchased by Yamaha Motorsports Corp.'s marine unit for $6.1 million. The marina, situated on 2.7 acres, features a warehouse, marina building, and clubhouse. It has the capacity to accommodate boats up to 58 feet in length and offers fuel services.
Summary of transaction details
- Property Type: Marina
- Transaction Amount: $6,100,000
- Address: 9954 Heckscher Drive
- Market: Jacksonville
- Acres: 2.7
Yamaha Motorsports Corp.'s marine unit, represented by Mike Chrzanowski, finalized the purchase of the Fort George Island Marina from FGIRK LLC. The acquisition provides Yamaha Motorsports Corp. with a strategic addition to its marine portfolio, allowing them to expand their services and cater to boat owners with larger vessels.
On the Map
$6,100,000
$139/SF
Marina
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Jacksonville Marina Market Snapshot
Boundary boundary · Marina · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93