Surfside Marina, a 31.17-acre property in Surfside Beach, Texas, is now under the ownership of Morningstar Properties, following eight years of operation by VIP Marinas. Andrew Cantor, Matt Putnam and Dan Grovatt of Colliers represented the seller.

Situated approximately 65 miles south of downtown Houston, the marina occupies two adjacent sites along the Intracoastal Waterway near the Freeport Jetties. The property has a 29.57-acre main campus and a 1.60-acre secondary campus known as Barn C / Gulf Coast Marina, which VIP Marinas acquired in 2021.

According to Colliers, the property offers 312 indoor dry storage racks, 38 wet slips, storage for more than 80 trailers, 69 secure storage lockers and 20 recreational vehicle pads. An additional 2,000sqft (186sqm) of space, previously occupied by a boat dealership, is also available for retail use.

“Surfside Marina has demonstrated steady operational growth and offers an opportunity to further enhance its performance through additional development. The existing footprint provides the potential to add retail space and construct another dry storage barn, adding rack capacity and creating another avenue for revenue growth,” said Putnam, senior vice president at Colliers.

“VIP Marinas doesn’t sell assets often, so it was very important for us to create a positive situation for our employees and our marina members,” said Austin Cameron, co-owner, founder and CEO of VIP Marinas.

“The process Colliers ran was incredibly successful in getting maximum exposure in the market and allowed us to make an informed decision with that in mind. The competitive sale process also provided us with a true market value for the asset and created a win-win deal for both buyer and seller,” Cameron added.

In a Facebook post announcing the ownership change, Surfside Marina thanked its team, marina members and customers for their support over the past eight years. VIP Marinas also expressed confidence in Morningstar Marinas as the new operator and said the Morningstar team would share further details in the coming weeks.

Images from Colliers.