Updated Sep 26, 2025
Affinity Ventures NW Acquires Marina At 3615 Harborview Drive For $4.25M With Brokers Luke Rizzo Amit Doshi & Shallini Mehra
3615 Harborview Drive
$4,250,000
$327/SF
Building Size
12,970 SF
Asset Type
Industrial
Closing
Sep 18, 2025
About this deal
AI
The marina property at 3615 Harborview Drive in Gig Harbor, WA, was sold for $4,250,000. The asset encompasses a total square footage of 12,970 and the price per square foot stands at $327. The transaction presents a unique opportunity, as the seller aimed to rezone the marina and secure approved development plans due to the demand for larger moorage slips in the area.
Summary of transation details:
- Property Type: Marina
- Transaction Amount: $4,250,000
- Address: 3615 Harborview Drive
- Market: Gig Harbor, WA
- Square Footage: 12,970
- Price Per Square Foot: $327
- Buyer: Affinity Ventures NW
- Seller: Eugene & Hans LLC
- Brokers: Luke Rizzo, Amit Doshi & Shallini Mehra - Meridian Capital Group
The transaction involved the strategic initiative by the seller to develop the property into a marina with larger moorage accommodations, addressing the existing market gap in Gig Harbor. Brokers Luke Rizzo, Amit Doshi, and Shallini Mehra from Meridian Capital Group facilitated the deal, representing the respective parties effectively.
On the Map
$4,250,000
$327/SF
Industrial
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Players
Gig Harbor Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93