Tampa Harbour Marina sells to South Carolina investors for $21.5M

Tampa Harbour Marina, a full-service marina and the only dry dock boat storage in Tampa, Fla. recently sold for $21.5 million to Port 32, a national marina owner, developer and operator.

The marina will be renamed Port 32 Tampa, with plans to renovate the entire property

Port 32 is based out of Charleston, S.C. and owns several other Port 32 marinas in Florida, including in Fort Lauderdale, Palm Beach Gardens and Tierra Verde (at the Tierra Verde Marina Resort). Port 32 plans to completely renovate the 12.1-acre property, which has 600 dry storage boat slips and 40 wet slips.

The property was listed for sale in June by Colliers International’s Tampa- and Atlanta-based Leisure Property Advisors team, led by Andrew Cantor, Matt Putnam, and Dan Grovatt. The team runs the national group for Colliers and focuses on the sale of marinas, resorts and leisure properties nationwide.

The marina sits near Old Tampa Bay and is located near the Westshore Marina District, a 52-acre, mixed-use walkable waterfront neighborhood which will have retail, restaurants, and luxury condos, apartments and townhomes once complete.

“This sale shows the health of the marina market in Florida, and the demand for waterfront commercial property,” said Colliers’ Putnam. “This transaction happened fairly quickly from the time we put it on the market.”

The property includes restaurant, retail and office space. The restaurant space is leased by Hula Bay Club and Duke’s Retired Surfer’s Island Bar, which have docks for patrons who arrive by boat.

The 9,800 square feet of office space is leased by BTI Partners, the developer of Westshore Marina District; the University of Tampa’s Marine Science Center; and El Goya, the operator of Hula Bay and Duke’s. Other commercial tenants include Freedom Boat Club, and Family Boating and Marine Centers, which specializes in boat sales and servicing.

Tampa Harbour Marina is located at 5200 W. Tyson Ave. in Tampa.

Leave a Reply

Your email address will not be published. Required fields are marked *