SVN Marinas closes sale of Skipjack Cove Marina in Maryland

SVN Marinas said it represented the seller and procured the buyer in the sale of Skipjack Cove Marina on the Sassafras River in Georgetown, Maryland. The deal highlights continued investor demand for full-service marina assets in the Upper Chesapeake Bay market.

Why it matters: - The sale shows that well-located marina assets with multiple revenue streams can still attract experienced operators in a selective market. - The transaction adds to SVN Marinas' activity across the Mid-Atlantic and Chesapeake Bay region. - Skipjack Cove's mix of wet slips, dry storage, fuel, and resort amenities broadens its appeal beyond standard dockage.

What happened: - SVN Marinas announced the sale of Skipjack Cove Marina, a full-service marina and waterfront resort on the Sassafras River in Georgetown, Maryland. - SVN Marinas represented the seller and procured the buyer. - The buyer is an experienced marina operator with an established presence in the Chesapeake Bay market. - The buyer also owns Georgetown Yacht Haven, formerly Georgetown Yacht Basin, a 300-slip full-service marina nearby on the Sassafras River. - David Kendall, CCIM, Josh Sheppard, and Brian Arnold advised the seller. - Brent Miller of SVN Miller Commercial Real Estate served as the Maryland Broker of Record.

The details: - The transaction used a confidential, relationship-driven marketing process. - SVN Marinas combined direct outreach with its national network of qualified marina investors and operators. - The buyer's identity and the financial terms were not disclosed. - Skipjack Cove includes about 359 covered and uncovered wet slips. - The property also includes dry storage, transient dockage, haul-out capabilities, fuel service, and boater facilities. - The marina has an on-site restaurant, swimming pools, recreational courts, and waterfront gathering areas. - Those amenities are designed to support seasonal slip holders and visiting boaters. - The marina sits in Cecil County in a protected setting with direct access to the Upper Chesapeake Bay. - The Georgetown location serves boating markets in Maryland, Delaware, and Pennsylvania, along with the Baltimore, Wilmington, and Philadelphia metro areas.

Between the lines: - The sale underscores how confidentiality and direct operator outreach can work for specialized waterfront assets. - The buyer's existing Chesapeake Bay footprint likely made the acquisition a strategic adjacency play, not just a standalone purchase. - SVN Marinas is leaning into a niche brokerage model that matches marina assets with operators who already understand the business. - Brian Arnold said Skipjack Cove's scale, protected location, full-service capabilities, and resort-style amenities drew interest from sophisticated operators seeking long-term growth potential.

What's next: - SVN Marinas said the closing expands its transaction experience in the Mid-Atlantic and Chesapeake Bay region. - Earlier this year, Kendall, Sheppard, and Arnold advised on the sale of Little Creek Marina in Norfolk, Virginia. - SVN Marinas is also representing Lighthouse Point Marina, a marina investment opportunity in Baltimore, Maryland. - The firm is likely to keep targeting similar waterfront assets where operator expertise and market familiarity matter most.

The bottom line: - Skipjack Cove changed hands through a discreet, targeted sale process that matched a specialized marina asset with a buyer already active in the market.