Belews Lake, NC
Carolina Marina
$6m
Size
300
Units
Belews Lake, NC
Market
- The property includes the region’s premier full-service marina, including 300 wet slips, a 269 unit dry docks storage, boat repair, rental entertainment facilities, and nightly rental cabins.
- Financing includes a ground lease with 25 years remaining, along with 262 pads that are ground leased to modular home owners.
- Carolina Marina has been in existence since 1982, and provides the region within paralleled access to the outdoors and recreation from people’s daily lives.
- Sponsor has implemented a series of value-add ideas, including adding an amenities package, camp-wide WIFI, alcohol sales, and jet ski and boat rentals.
John B. Levy & Company, Inc. structured the refinancing of the Carolina Homes and Marina, a 162-acre mixed use commercial real estate ground lease consisting of 262 lake front and lake facing cottage rental sites in Rockingham County, North Carolina.
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