A redevelopment opportunity has emerged at a fully occupied Southern California marina, where the existing ownership group is seeking a joint venture partner or complete buyout for a planned upgrade and expansion. The proposed project would expand the marina’s capacity from 30 to 101 slips, with potential for upland mixed-use development to further grow the site’s commercial appeal.
The marina is located at the mouth of a commercially active harbour, which currently operates at full capacity. The marina benefits from a strong tenant mix, including a full-service boat yard, waterfront restaurant, commercial sportfishing operation and office spaces with co-working facilities.
Over the past several years, the current owners have invested in master planning and secured a 50 year lease agreement with the lessor. The groundwork supports an ambitious redevelopment that includes reorienting existing slips and introducing modern marina features such as 50 amp shore power, eMarine fast chargers, pump-out facilities and metered utilities. The redesign also accommodates larger vessels and catamarans, which aligns with regional demand for dockage options.
Additionally, the plan allows for a water taxi landing, personal watercraft access and the feasibility of an upland development component, potentially delivering new retail and office space to complement the marina operations.
The ownership group is open to proposals from qualified investors interested in either structuring a joint venture or pursuing a full acquisition, subject to approval by the lessor. No official asking price has been disclosed, but the opportunity is positioned as a long-term investment in a coastal location, with established income from multiple commercial sub-tenants.
The site is considered one of the last independent and under-developed marinas in the part of the Southern California coastline, which also offers potential for value creation.
Interested investors are encouraged to contact the advisory team to discuss terms and explore the project's scope. With groundwork laid and occupancy at full capacity, the marina redevelopment presents an opportunity to shape a future-forward asset in a high-demand location.
For further information, interested parties may contact Michelle Ash or George Ash, Marina Investment and Marketing Advisers at Simply Marinas, or Eric Israel, Broker of Record with Virtual Realty Group Inc.
