Suntex Marinas buys another California marine property
Suntex Marinas is continuing its fast-paced acquisition and expansion plan and has extended its Channel Islands Harbor holdings with the purchase of Marine Emporium Landing in Oxnard, California.
The most visited marina location in the harbour, Marine Emporium Landing is located between Los Angeles and Santa Barbara and offers 12 slips for vessels ranging from 30ft to 100ft. All slips are leased to tenants that include whale watching, sportfishing, island touring and event charters
The purchase of Marine Emporium Landing represents the fifth Suntex acquisition in Channel Islands Harbor, with prior purchases being Bahia Marina, Peninsula Yacht Marina, Seaside Boatyard and Westport Marina.
Suntex Marina Investors is the largest standalone recreational marina owner in the US by marina count and boat slips.
The Marine Emporium Landing property also consists of three buildings with 38,500 square feet of mixed office and retail tenants, including a sailing school, a yacht broker, real estate businesses, a dentist and several of the premier restaurants in Channel Islands Harbor.
“Marine Emporium Landing is a beloved local anchor for sightseeing, shopping, dining and more, and we’re excited to take over that legacy as we continue to grow our presence in Channel Islands Harbor,” says Mike Warntjes, senior vice president of operations, Suntex Marinas. “This area is a gateway to rich natural beauty and serves as a central, accessible location for recreation and commerce for many locals and visitors, and Suntex hopes to maximise these advantages and grow Marine Emporium Landing to new heights.”
The harbor serves as a gateway to Channel Islands National Park which regularly hosts more than 250,000 visitors annually. Marine Emporium Landing is situated on the western side of Channel Islands Harbor, approximately 60 miles northwest of Los Angeles International Airport.
The Suntex portfolio includes marinas located in Arizona, California, Florida, Georgia, Illinois, Iowa, Kentucky, Maryland, Missouri, New Jersey, New York, Oklahoma, Tennessee, Texas and Virginia.
