AQUAMARINA LAZY DAYS
Buford, Georgia
MARKET BID
Ful l -Serv ice Marina75 State-Of-�e-Art Wet S l ips
Dry Rack Storage for 555 BoatsO�ering Memorandum Avai lable
EXECUTIVE SUMMARY
• 7 5 s t a t e - o f - t h e - a r t w e t s l ip s 5 0 ’ t o 1 2 5 ’ i n l e n g t h
• D r y r a c k s t o r a g e f o r 5 5 5 b o a t s u p t o 3 6 ’ i n l e n g t h
• S t a g i n g f o r u p t o 1 5 0 b o a t s
• L a r g e f u e l d o c k w i t h s ix d i s p e n s e r s
• C a r e f r e e B o a t C l u b a n d B a r e f o o t B o a t i n g S e r v i c e & R e p a i r ( t e n a n t s )
• S i g n i f i c a n t i n -p l a c e c a s h f l o w
• S t r o n g b o a t i n g m a r k e t w i t h m o s t f a c i l i t i e s 9 0 % - 1 0 0 % o c c u p i e d
• R a r e o p p o r t u n i t y a s f e w m a r i n a s o f t h i s s i z e a n d q u a l i t y b e c o m e a v a i l a b l e
• E x c e l l e n t l o c a t i o n l e s s t h a n o n e - h o u r n o r t h o f A t l a n t a
• A t l a n t a i s a m o n g f a s t e s t g r o w i n g M S A ’ s
Property Information Investment Highlights
AQUAMARINA LAZY DAYS
FINANCIAL SUMMARY
INVESTMENT METRICS PRICE
CAP Rate - T-12 6.70% Offering Price 3,425,000$
CAP Rate - Pro Forma 7.76% Down Payment * 1,284,375$
Cash-on Cash Return T-12 3.93% Loan Amount* 2,140,625$
Cash-on-Cash Return Pro Forma 6.68% LTV* 63%
Unleveraged IRR - Pro Forma 15.03% Interest Rate* 4.75%
Leveraged IRR - Pro Forma 26.90% Amortization* 20yrs
Term* 5yrs
OCCUPANCY DATA
T-12 EOY 1
Total Slips & Racks 290 290
Total Occupied Slips & Racks 152 175
Occupancy Rate 52.4% 60.3%
FINANCIAL DATA
REVENUE T-12 % Rev EOY 1 % Rev
Storage & Lease Income 526,031$ 48.9% 590,954$ 51.1%
Fuel 454,197$ 42.2% 463,281$ 40.1%
Store - Food 5,261$ 0.5% 6,178$ 0.5%
Store - Parts & Accessories 17,972$ 1.7% 21,105$ 1.8%
Boat Brokerage 53,661$ 5.0% 54,734$ 4.7%
Other 18,714$ 1.7% 19,333$ 1.7%
GROSS REVENUE 1,075,836$ 1,155,586$
COST OF SALES COGS % COGS %
COGS - Fuel 396,601$ 87.3% 404,444$ 87.3%
COGS - Ship Store Food 2,597$ 49.4% 3,050$ 49.4%
COGS - Parts & Accessories 16,315$ 90.8% 19,159$ 90.8%
COGS - Brokerage Comm Paid Out 16,083$ 30.0% 27,367$ 50.0%
Less: COGS 431,596$ 454,021$
GROSS PROFIT 644,240$ 701,565$
Less: Operating Expenses 414,840$ 435,711$
NOI 229,400$ 21.3% 265,854$ 23.0%
Less: Capital Reserve 12,885$ 14,031$
NOI After Reserves 216,515$ 251,823$
EXECUTIVE SUMMARY | NORVIEW MARINA
The information contained herein are projections only, which are based upon the occurrence of several variables, none of which have occurred or are guaranteed to
occur. This information is only an opinion based on unverified and sometimes speculative numbers, and should not be construed as a guarantee or assurance. Buyer
bears all responsibility for verifying the values and numbers set forth herein.
* Down payment, loan amount, LTV, interest rate, amortization and term are all estimates based on the current loan market and subject to change.
ANDREW CANTOR - LEAD AGENTInvestment Advisor, Marina DivisionLeisure Investment Properties GroupMarcus & Millichap1100 Abernathy Road, Suite 600Atlanta, GA 30328Tel. (678) [email protected]. GA: BK 287104
MATTHEW PUTNAM
National Marina Director
Leisure Investment Properties Group
4030 West Boy Scout Blvd., Ste. 850
Tampa, FL 33607
Tel. (813) 387-4847
Lic. FL: SL 3199957
Exclusively O�ered By: VISIT US ONLINE AT:
www.LeisurePropertiesGroup.com
A t l a n t a , G e o r g i aA q u a m a r i n a L a z y D a y s i s l o c a t e d o n t h e s o u t h s h o r e o f L a k e L a n i e r l e s s t h a n o n e - h o u r n o r t h o f A t l a n t a . L a k e L a n i e r i s a 3 8 , 0 0 0 - a c r e l a k e t h a t i s c o n s i d e r e d t h e p r i m a r y b o a t i n g d e s t i n a t i o n f o r A t l a n t a a r e a r e s i d e n t s . C l o s e t o e i g h t m i l l i o n p e o p l e v i s i t L a k e L a n i e r a n n u a l l y m a k i n g i t t h e m o s t p o p u l a r l a k e o f t h e 4 0 0 l a k e s m a n a g e e d b y t h e A r m y C o r p s o f E n g i n e e r s . T h e m a r i n a i s l o c a t e d 3 . 8 m i l e s w e s t o f t h e E x i t 8 ( F r i e n d s h i p R o a d ) i n t e r -c h a n g e o n I - 9 8 5 . A m a j o r r o a d w i d e n i n g p r o j c t w a s j u s t c o m p l e t e d o n F r i e n d s h i p R o a d t h a t h a s r e d u c e d t r a v e l t i m e s f r o m t h e i n t e r c h a n g e t o f i v e m i n u t e s . T h i s g i v e s t h e p r o p e r -t y r e a d y a c c e s s s o m e o f A t l a n t a ’ s m o s t a f f l u e n t c o m m u n i t i e s i n c l u d i n g B u c k h e a d , A l p h a r e t t a , a n d J o h n s C r e e k . W i t h t h e p o p u l a t i o n gr o w t h t h a t i s o c c u r i n g n o r t h o f A t l a n t a t h e d e m a n d f o r b o a t s t o r a g e w i l l c o n t i n u t e t o i n c r ea s e l e a d i n g t o h i g h e r s l i p r e n t a l f e e s a n d o c c u p a n c y r a t e s . C o n t a c t L e a d A g e n t f o r O f f e r i n g M e m o r a n d u m .
MARKET OVERVIEW
STEVEN M. EKOVICH
National Managing Director
Leisure Investment Properties Group
4030 West Boy Scout Blvd., Ste. 850
Tampa, FL 33607
Tel. (813) 387-4791
Lic. FL: SL 3006962