2240 Shelter Island DrSan Diego, CA 92106

Exceptional investment opportunity: Shelter Cove Marina, located at 2240 Shelter Island Dr, San Diego, CA 92106, is offered for sale at $30,000,000. This premier marina boasts 161+ floating slips and approximately 6,100 linear feet of dock space, currently enjoying approximately 98% occupancy with a waiting list. The property includes a 12,000 square foot commercial building, with 6,000 square feet available for lease, currently occupied by multiple commercial tenants generating consistent rental income. The marina is master-leased from the San Diego Unified Port District (no fee simple land included in the sale). It benefits from an absentee ownership structure with existing management in place, and is certified as a Clean Marina, featuring an electronic key security system. The property is expected to be available for occupancy on November 17, 2024. This turnkey operation represents a rare opportunity to acquire a highly profitable, passive income-generating asset in a desirable West Coast location within America's Cup Harbor. The vast majority of income is derived from slip and commercial tenant leases.