Safe Harbor Marinas Purchases Prime Marinas Martha’s VineyardPublished on April 29, 2021
Safe Harbor Marinas has acquired Prime Marinas Martha’s Vineyard, which includes two marinas in Vineyard Haven and Edgartown, Massachusetts.
“These marinas represent the largest marina/storage/service operation on the Vineyard,” said Jeff Griesbauer of MarinasForSale.com who represented the seller, Prime Marina Group based in Miami, Florida. The sale to Safe Harbor closed on March 15, 2021.
The Edgartown Marina dock is located in the center of town and offers launch and hauling service, repairs, and a ship’s store. The dock includes three wet slips and seven moorings for staging and temporary haul and launch. An indoor dry storage facility is located on 4.40 acres a few miles inland. The facility can accommodate dry storage for boats up to 40 feet and offers outdoor storage, winterizing operations, service and repairs. Griesbauer said the storage building could be remodeled and reconfigured to provide more efficient storage in the future.
The Vineyard Haven marina includes 57 wet slips accommodating boats up to 60 feet, plus 35 moorings. The property offers dry stack storage for 90 boats up to 40 feet. Other on-site amenities include a fuel dock, marine store, repair and maintenance services. Griesbauer said adding outdoor uncovered racks would be a future option for the Vineyard Haven property that would help meet the local demand for more storage. There is also a building on the property that could be used as a waterfront restaurant or converted into leased professional space.
Griesbauer said the typical boat in the Martha’s Vineyard market is a cabin cruiser or center console ranging from 28 to 35 feet. “By providing additional capacity for that type and size of boat, you’re going to be able to take advantage of pent up demand in that capacity.”
Due to environmental regulations and pushback from residents, he said it is not likely a competing marina would be built on the island.
Safe Harbor is the largest owner and operator of marinas in the world. Based in Dallas, Texas, the company is dedicated to providing exceptional service and memorable experiences to the global boating community.