Marina Market Analysis 31

Marina Market Analysis 31 Competitive Marinas The competitive marina rates are shown on the page that follows. It is our opinion that the subject’s rates are at market levels; based on its age, location, and condition. Competitive Marinas - St. Thomas Avg. Monthly Avg. Annual # of Wet Wet Slip Wet Slip Marina Slips Length Rental/LF Rental/LF__Services/Amenities Sapphire Beach Resort and 67 50° $18.00 $216.00 Marina is located ina beachfront resort Marina property. Amenties include 24/7 security, dock 6720 Estate Smith Bay power/AC hookup, WIFI, fresh water hookup, St. Thomas, VI showers and hotel resort amenties. Some of these docks are privately owned, but rental rates are typical throughout. This is an uprotected marina. Compass Point Marina 38 <30' $18,30 $219.60 This marina is also located in Benner Bay and 41-6-1 & 41-7 Estate Frydenhoj 59 31'-40' $16.61 $199.32 includes a combination of apartments, retail St. Thomas, VI 46 41'-50' $16.89 $202.68 and office space containing 25,552 square feet 10 >50' $17.67 $212.04 of rentable area. Amenities include, fresh water and electricity and finger peirs. Yacht Haven Grande 46 <80' $84.25 $1,011.05 This marina is located in Long Bay near Long Bay Rd, Charlotte Amalie 80'-175' $129.12 $1,549.43 Charlotte Amalie in St. Thomas. This is St. Thomas, VI >175" $164.40 $1,972.83 considered the premier luxury marina in the US. Virgin Istands and has the ability to berth megayachts up to 450 feet in length. There is 80,000 sf of high-end retail space at the property. Marina amenities include electricity and fresh water, shower facilities, swimming pool and spa, business services, fueling, waste management services, 24/7 security, laundry service and provisioning options. The rental rate displayed is an average of summer and winter rates, and does not include utilities or service amenities. Crown Bay Marina 99 <55' $82.13 $985.50 Full-service marina able to berth vessels up to 8167 Sub Base 56'-75' $109.50 $1,314.00 200 feet in length and located less than 2.0 St. Thomas, VI 76'-130° $126.23 $1,514.75 miles from the Cyril E. King International 131'-200° $142.96 $1,715.50 Airport. This property also contains a significant amount of retail /commercial building space with various shops, restaurants and office space. Amenities include electricity, fresh water, fueling, full-service conciege desk, free wifi, satellite TV, 24/7 security and showers. Oasis Cove Marina 26 <30' $26.67 $320.00 Located in Benner Bay, this marina was recently 135 Estate Frydenhoj 30'-60' $24.44 $293.33 renovated within the past two years. Amenities St. Thomas, Vi include 24/7 security, fresh water hookups, electricity, WIFI, and good overall construction. The marina requires a one-year contract for wet slip rentals. American Yacht Harbor 98 <49' $43.50 $521.95 Subject marina that is part ofa full scale, mixed 184-1, 18-B1,18-B and 18-W 50'- 79° $50.80 $609.55 use property that contains various retail and Remainder Estate Smith Bay 7 >80° $102.81 $1,233.70 office compontents. There area total of 9 St. Thomas, VI T-Heads $102.81 $1,233.70 restaurants on this property and many more shops and stores throughout. Marina amenities include electricity, fresh water, 24/7 security, WIFI and on-site fuel. ire IGY American Yacht Harbor Marina fire! HOUSE_OVERSIGHT_018842