Lazy Days Marina on Lake Lanier in Georgia was sold to Westrec Marinas, which operates a marina adjacent to the facility.
The seller, Aqua Marine Partners, is a marina investment company with several East Coast facilities.
Andrew Cantor, a marina specialist with the Leisure Investment Properties Group working in Marcus & Millichap’s Atlanta office, had the listing to market Lazy Days.
“Lazy Days was our first inland lake marina ,and we’ve enjoyed great success with it over the past nine years,” Aqua Marine Partners president and CEO Andrew Sturner said in a statement. “Andrew Cantor at Marcus & Millichap’s Leisure Investment Properties Group did a great job selling the property to investors so that we achieved our goal to maximize proceeds in the sale and redeploy that capital to continue to grow our marina portfolio.”
“It’s not often that a property of this size and quality is on the market, and to have it adjacent to one of our marinas made it an opportunity we could not pass up,” said Westrec CFO Jeff Ellis, who led the acquisition team.