Photo available from broker
About this property
Summertide combines a 26-slip marina, eight rental cottages, and 18 RV sites across 22.3 acres on Hood Canal. The asset trades on a stated 5.90% capitalization rate, with seasonal lodging revenue layered on top of moorage. Diligence should focus on the split between lodging and moorage income, seasonality of occupancy, the condition of the dock system, and the status of any state aquatic land lease covering the moorage footprint.
Investment highlights
- Stated 5.90% cap rate on in-place resort and moorage income
- 26 slips plus 8 cottages and 18 RV sites — four distinct revenue lines
- 22.3 acres on Hood Canal with expansion and phasing potential
- Established seasonal destination business with repeat guest base
Key stats
- Slips
- 26
- Acreage
- 22.3 acres
- Cottages
- 8
- RV sites
- 18
- Cap rate
- 5.90%
Harbour Index has no interest or stake in the sale of this property and has not independently verified the information provided. All details are sourced from third-party listing platforms and brokers. Prospective buyers should conduct their own due diligence. Information is subject to change without notice.