Transaction includes “The Point Grill and Bar”
Jupiter, FL (May 15, 2023) – SVN Safe Haven Advisors is pleased to announce it has advised the owner of Paradise Point Marina and RV Park on the sale of its marina, restaurant and RV Park located on Lay Lake in Columbiana, AL. The acquirer of the property is the Paradise Point Marine Group, LLC, which brings years of experience in the marine and hospitality industries. The recent sale highlights the ongoing demand from investors for marina investments across the country, both in stabilized assets and those with value-add potential.
Coordinating the sale for the seller was David Kendall, a founding partner of SVN | Safe Haven Advisors, together with Justin Toomey of SVN | Toomey Property Advisors. As a tandem, David was able to provide expertise on the national marina market and consolidators while Justin provided local experience and knowledge to most effectively facilitate the transaction.
“We congratulate the owner and staff of the marina on the sale of this unique asset, which is one of the most prized attractions on Lay Lake,” said David Kendall. Kendall continued, “ownership had a vision to create a successful marine-centric business fostering a welcoming atmosphere for locals and visitors alike.” The Paradise Point Marina has expanded over the past 20 years to now include 57 wet boat slips, 120 dry bays, 31 RV sites, and a full-service 90 seat waterfront restaurant. Its dedicated staff committed management and loyal customers have contributed to the tremendous success of the operation.
Lay Lake is a year-round destination, located between Birmingham and Montgomery in Shelby County Alabama. Its natural landscape along the Coosa River is an appealing draw for swimming, hiking, and prize-winning bass fishing. The array of amenities and facilities offered at Paradise Point Marina distinguishes it from other facilities on the Lake.
“David was instrumental in helping achieve the successful outcome of this transaction,” said Chris Horton, Owner of Paradise Point. “David is uniquely capable to advise on marina and marine business transactions that require both market specialization and the sophistication to negotiate complex transactions.”
About SVN Safe Haven Advisors & SVN Marinas:
SVN Safe Haven Advisors is a marina and marine specialty advisory practice within SVN’s global network of offices. SVN Safe Haven Advisors was strategically formed by marina and marine transaction specialists, David Kendall and Mike Howell, who maintain co-locations in Palm Beach County, FL and Cape Cod, MA. SVN Safe Haven Advisors maintains the SVN Marina website, which is one of the most visited websites for marina listings in the United States. With +200 offices and +2,000 advisors, SVN® is the only national commercial real estate firm with a dedicated marina and marine business advisory practice. For more information on SVN Marinas visit www.svnmarinas.com.
SVN | Toomey Property Advisors is a full-service commercial real estate firm located in Mobile, Alabama. Founded by Justin Toomey, SVN Toomey professionals are passionate about providing commercial real estate expertise to their clients. The firm’s wide-range of specialties include commercial real estate, multifamily sales, property management, tenant and landlord representation, investment sales, and self-storage sales.
All SVN® offices are independently owned and operated.