Key West marina acquired by Integra Investments
The Perry Marina in Key West’s Stock Island has been acquired by Integra Investments, the Miami-based real estate investment and development firm, to boost its marina portfolio growth strategy.
The acquisition of the Key West marina, located within one of the highest-barrier-to-entry markets in the United States, was made through the investment company’s Integra Marinas platform, and marks the company’s eighth and largest marina acquisition to date, and fifth active marina alongside partner BLG Capital Advisors and other private investors. Terms of the sale could not be disclosed.
Located at 7005 Shrimp Road, The Perry Marina is situated on nearly 35 acres just minutes from “Old Town” Key West, providing unparalleled access to the country’s southernmost point. It is the largest deepwater marina in the Florida Keys, offering 288 wet slips constructed with state-of-the-art Bellingham floating concrete docks. Supported by a fantastic boating community and expansive amenity offerings, the marina is capable of berthing superyachts up to 350 feet in length and provides hi-speed gas and diesel fueling, a ships store, captain’s lounge, and resort-style pool.
As a leading owner, developer and operator of marinas in key coastal growth markets along the East Coast, Integra Marinas continues to expand its marina portfolio, and this acquisition supports its trajectory and growth plan.
Integra Marinas is a vertically integrated owner, developer, and operator of premier marinas in exclusive boating markets. Focused on creating value for its investors, Integra Marinas has committed hundreds of millions in capital investment to date, converting existing marinas into high-performing assets, successfully maximising revenue and profitability. The company’s portfolio includes operating marinas in the Florida Keys, Miami, Tampa Bay, Jensen Beach, and Rhode Island.
Victor Ballestas, a Principal with Integra Investments, said:
“The Perry Marina’s location within a world-class destination for domestic and international boaters allows for some of the top fishing and nautical experiences of any coastal location, making this an anchor asset for our growing portfolio.
“Our strategic deployment of capital to The Perry Marina is a testament to our commitment to the local community.”
Oasis Marinas, the premier marina management company, will manage the marina property.