Recreation Area Rd - Marina 25,000 SF Specialty Building Offered at $4,775,000 at a 12% Cap Rate in Cottondale, AL 35453

3 portfolio marina package. Can be sold as two marinas or all three together. All within 20 minutes of each other. Great mix of covered storage, slip rental, maintenance work, and new boat sales. The address and picture listed are not the actual address; the address and financials will be provided once a confidentiality agreement is signed. Properties are about 45 minutes to an hour from Birmingham, Alabama. The price for all three marinas is 17 million, which includes approximately 715 slips/storage/rv units. The two marinas, valued at $ 4,850,000, have approximately 298 slips/storage. There is significant immediate value added, given the current slip rate is well below the market. A $rental increase on most slips and storage will be done January 2026. Even with that, there is still a lot of upside on the rental rates. The agent is willing to put in $500k for a silent ownership interest.