Aerial view of Sunroad Marina marina in San Diego, CA

Sunroad Marina

San Diego, CAAug 2021

$113.3M

Location

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Price

$113.3M

Location

San Diego, CA

Date

Aug 2021

Type

Acquisition

Buyer

Seller

Slips

617 slips

Price/Slip

Deal Details

Leasehold transfer, not a property sale. Sunroad Enterprises ran this 600-slip Harbor Island marina since 1987 on Port of San Diego tidelands. Safe Harbor paid ~$84M for the lease assignment ($113.3M in SUI filings includes $65M in goodwill).

40-year ground lease covering 259K sq ft of land and 1M+ sq ft of water, annual minimum rent starting at $1.1M with CPI escalation. Port commissioners voted unanimously July 2021. Port pocketed a $2.1M assignment participation fee — first-ever leasehold transfer compensation under a 2015 policy.

Per SEC filing (SUI 10-K FY2021).

Market Context

Based on 2 tracked marina transactions in California, average price per slip data is available to Pro members. This deal's price per slip: .

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Frequently Asked Questions

When did Sunroad Marina sell?

Sunroad Marina in San Diego, CA closed a marina acquisition in Aug 2021.

What are recent marina sales in California?

There have been 8 tracked marina transactions in California, including Sunroad Marina and Vintage Marina + Channel Islands Harbor. View all California marina deals at marinadealflow.com/deals/state/ca.

Where can I find marina transaction data?

Marina Deal Flow tracks marina sales, acquisitions, and listings across the United States. Pro members get access to buyer, seller, pricing, and cap rate data on every transaction.

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