Shem Creek Marina in Mount Pleasant, South Carolina, has changed ownership for the first time since 2003. The sale was handled by Marina Brokerage Advisors and comes amid a wider pattern of consolidation in the marina sector, driven in part by growing interest from institutional investors.
The facility includes 210 dry rack spaces and can accommodate vessels up to 12-metres (40-feet) in length and weighing up to 20,000 pounds. The marina continues to serve both recreational boaters and the broader local marine economy.
Although the sale price remains confidential, the deal represents a notable development in the region's marina real estate landscape. New ownership is committed to making improvements to the property while continuing its role in the local boating community.
For more details about current on- and off-market opportunities, industry professionals are encouraged to contact Kyle Peterson and George Waidelich of Marina Brokerage Advisors.
