Listing Agency: Newmark c***@nmrk.com Show Phone

Listed By: Levi Bundrant Show Phone

Source: Moodyscre

Added: Aug 26 Changed: Aug 29 Last Checked: Aug 31 at 2:23AM

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Investment Insights

Based on property information with market context.

This established waterfront marina includes 85 slips and is currently 92% occupied. Marina operations are paired with commercial tenancy, creating multiple revenue sources within the property’s operating profile. A lease with Sure Marine Service runs through July 31, 2028.

The property is located at 5320 28th Ave NW in Seattle, Washington, with direct waterfront positioning and a connection to the region’s maritime economy. The investment profile includes a 6.24% Year 1 cap rate.

Key Highlights

• Established 85‑slip marina
• Currently 92% occupied
• 6.24% Year 1 cap rate

Property Analytics

Property Profile

Current Use

Sure Marine Service ... Big Box & Wholesale Store McGinnis Marina Marina LIR Marine Big Box & Wholesale Store

Suggested Use

Top Pick Building Supply Auto Parts Store Auto Repair Shop Dental Office HVAC Service Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,485

Businesses Nearby

Explore this area Business Placement

Demographics for 98107, WA

28,557

Population

16,538

Households

1.7

Avg Household Size

35

Median Age

76%

College-Educated

99%

High-School Grad

2.2 sq mi

ZIP Area

12,980

Density / Sq Mi

$137,748

Median Household Income

$82,884

Median Earnings

$2,194

Median Rent

$924,900

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this marinas located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Marina - Operating marina with commercial tenancy, an established slip count, and a service lease extending through July 31, 2028.

Where is this marina located?

The property is located at 5320 28th Ave NW Seattle, WA.

What is the asking price?

The asking price for this property is $5,900,000.

What are key features of this property?

This property features: Established 85‑slip marina; Currently 92% occupied; 6.24% Year 1 cap rate