Alameda Marina in California has been listed for sale as part of a $1 billion USD redevelopment project shaping the San Francisco Bay Area’s waterfront. Positioned along the Oakland Estuary, the marina remains a feature of the Alameda Marina Master Plan, bringing together maritime, residential and commercial activities in a mixed-use district.
The marina includes 398 wet slips, with the capacity to expand to 530, and offers direct access to San Francisco Bay. The location lies minutes from downtown Alameda and about 25 minutes from San Francisco, which provides access to both recreational and business users.
A $35 million sea wall completed in 2022 supports the marina’s shoreline and provides protection against rising sea levels. The upgrade was delivered to enhance the marina’s safety and operational standards.
The sale also includes four commercial buildings totalling 14,694sqft (1,365sqm) and a waterfront building currently undergoing renovation. Once complete, it will house a brewery under a long-term lease.
Alameda Marina currently produces around $1.09 million in annual cash flow from slip rentals and commercial leases. Further benefits include the potential development of 27,252sqft (2,532sqm) of new commercial space, adding up to 72 wet slips and including dry storage for about 60 vessels.
Presented by Colliers Leisure Property Advisors, the marina serves as the anchor amenity within the Alameda Marina Master Plan, which features new housing, retail and community areas. The broader project includes apartment complexes and a 182-unit townhome community, with prices starting above $1 million.
For further details regarding the sale, interested parties may contact Andrew Cantor, Dan Grovatt or Matt Putnam, Senior Vice Presidents at Colliers Leisure Property Advisors.
Images courtesy of Colliers.
