Marina Market Analysis 31
Competitive Marinas
The competitive marina rates are shown on the page that follows. It is our opinion that the subject’s rates are at market levels; based on its age, location, and condition.
Competitive Marinas - St. Thomas
Avg. Monthly Avg. Annual # of Wet Wet Slip Wet Slip Marina Slips Length Rental/LF Rental/LF__Services/Amenities Sapphire Beach Resort and 67 50° $18.00 $216.00 Marina is located ina beachfront resort Marina property. Amenties include 24/7 security, dock
6720 Estate Smith Bay power/AC hookup, WIFI, fresh water hookup,
St. Thomas, VI showers and hotel resort amenties. Some of these docks are privately owned, but rental rates are typical throughout. This is an uprotected marina.
Compass Point Marina 38 <30' $18,30 $219.60 This marina is also located in Benner Bay and
41-6-1 & 41-7 Estate Frydenhoj 59 31'-40' $16.61 $199.32 includes a combination of apartments, retail
St. Thomas, VI 46 41'-50' $16.89 $202.68 and office space containing 25,552 square feet
10 >50' $17.67 $212.04 of rentable area. Amenities include, fresh water and electricity and finger peirs.
Yacht Haven Grande 46 <80' $84.25 $1,011.05 This marina is located in Long Bay near
Long Bay Rd, Charlotte Amalie 80'-175' $129.12 $1,549.43 Charlotte Amalie in St. Thomas. This is
St. Thomas, VI >175" $164.40 $1,972.83 considered the premier luxury marina in the US. Virgin Istands and has the ability to berth megayachts up to 450 feet in length. There is 80,000 sf of high-end retail space at the property. Marina amenities include electricity and fresh water, shower facilities, swimming pool and spa, business services, fueling, waste management services, 24/7 security, laundry service and provisioning options. The rental rate displayed is an average of summer and winter rates, and does not include utilities or service amenities.
Crown Bay Marina 99 <55' $82.13 $985.50 Full-service marina able to berth vessels up to
8167 Sub Base 56'-75' $109.50 $1,314.00 200 feet in length and located less than 2.0
St. Thomas, VI 76'-130° $126.23 $1,514.75 miles from the Cyril E. King International
131'-200° $142.96 $1,715.50 Airport. This property also contains a significant amount of retail /commercial building space with various shops, restaurants and office space. Amenities include electricity, fresh water, fueling, full-service conciege desk, free wifi, satellite TV, 24/7 security and showers.
Oasis Cove Marina 26 <30' $26.67 $320.00 Located in Benner Bay, this marina was recently
135 Estate Frydenhoj 30'-60' $24.44 $293.33 renovated within the past two years. Amenities
St. Thomas, Vi include 24/7 security, fresh water hookups, electricity, WIFI, and good overall construction. The marina requires a one-year contract for wet slip rentals.
American Yacht Harbor 98 <49' $43.50 $521.95 Subject marina that is part ofa full scale, mixed
184-1, 18-B1,18-B and 18-W 50'- 79° $50.80 $609.55 use property that contains various retail and
Remainder Estate Smith Bay 7 >80° $102.81 $1,233.70 office compontents. There area total of 9
St. Thomas, VI T-Heads $102.81 $1,233.70 restaurants on this property and many more
shops and stores throughout. Marina amenities include electricity, fresh water, 24/7 security, WIFI and on-site fuel.
ire IGY American Yacht Harbor Marina fire!
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