AQUAMARINA LAZY DAYS

Buford, Georgia

MARKET BID

Ful l -Serv ice Marina75 State-Of-�e-Art Wet S l ips

Dry Rack Storage for 555 BoatsO�ering Memorandum Avai lable

EXECUTIVE SUMMARY

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• S t a g i n g f o r u p t o 1 5 0 b o a t s

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• C a r e f r e e B o a t C l u b a n d B a r e f o o t B o a t i n g S e r v i c e & R e p a i r ( t e n a n t s )

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• E x c e l l e n t l o c a t i o n l e s s t h a n o n e - h o u r n o r t h o f A t l a n t a

• A t l a n t a i s a m o n g f a s t e s t g r o w i n g M S A ’ s

Property Information Investment Highlights

AQUAMARINA LAZY DAYS

FINANCIAL SUMMARY

INVESTMENT METRICS PRICE

CAP Rate - T-12 6.70% Offering Price 3,425,000$

CAP Rate - Pro Forma 7.76% Down Payment * 1,284,375$

Cash-on Cash Return T-12 3.93% Loan Amount* 2,140,625$

Cash-on-Cash Return Pro Forma 6.68% LTV* 63%

Unleveraged IRR - Pro Forma 15.03% Interest Rate* 4.75%

Leveraged IRR - Pro Forma 26.90% Amortization* 20yrs

Term* 5yrs

OCCUPANCY DATA

T-12 EOY 1

Total Slips & Racks 290 290

Total Occupied Slips & Racks 152 175

Occupancy Rate 52.4% 60.3%

FINANCIAL DATA

REVENUE T-12 % Rev EOY 1 % Rev

Storage & Lease Income 526,031$ 48.9% 590,954$ 51.1%

Fuel 454,197$ 42.2% 463,281$ 40.1%

Store - Food 5,261$ 0.5% 6,178$ 0.5%

Store - Parts & Accessories 17,972$ 1.7% 21,105$ 1.8%

Boat Brokerage 53,661$ 5.0% 54,734$ 4.7%

Other 18,714$ 1.7% 19,333$ 1.7%

GROSS REVENUE 1,075,836$ 1,155,586$

COST OF SALES COGS % COGS %

COGS - Fuel 396,601$ 87.3% 404,444$ 87.3%

COGS - Ship Store Food 2,597$ 49.4% 3,050$ 49.4%

COGS - Parts & Accessories 16,315$ 90.8% 19,159$ 90.8%

COGS - Brokerage Comm Paid Out 16,083$ 30.0% 27,367$ 50.0%

Less: COGS 431,596$ 454,021$

GROSS PROFIT 644,240$ 701,565$

Less: Operating Expenses 414,840$ 435,711$

NOI 229,400$ 21.3% 265,854$ 23.0%

Less: Capital Reserve 12,885$ 14,031$

NOI After Reserves 216,515$ 251,823$

EXECUTIVE SUMMARY | NORVIEW MARINA

The information contained herein are projections only, which are based upon the occurrence of several variables, none of which have occurred or are guaranteed to

occur. This information is only an opinion based on unverified and sometimes speculative numbers, and should not be construed as a guarantee or assurance. Buyer

bears all responsibility for verifying the values and numbers set forth herein.

* Down payment, loan amount, LTV, interest rate, amortization and term are all estimates based on the current loan market and subject to change.

ANDREW CANTOR - LEAD AGENTInvestment Advisor, Marina DivisionLeisure Investment Properties GroupMarcus & Millichap1100 Abernathy Road, Suite 600Atlanta, GA 30328Tel. (678) 808-2818Andrew.Cantor@marcusmillichap.comLic. GA: BK 287104

MATTHEW PUTNAM

National Marina Director

Leisure Investment Properties Group

4030 West Boy Scout Blvd., Ste. 850

Tampa, FL 33607

Tel. (813) 387-4847

Matthew.Putnam@marcusmillichap.com

Lic. FL: SL 3199957

Exclusively O�ered By: VISIT US ONLINE AT:

www.LeisurePropertiesGroup.com

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MARKET OVERVIEW

STEVEN M. EKOVICH

National Managing Director

Leisure Investment Properties Group

4030 West Boy Scout Blvd., Ste. 850

Tampa, FL 33607

Tel. (813) 387-4791

Steven.Ekovich@marcusmillichap.com

Lic. FL: SL 3006962