Essex Island Marina Sold For $3.465 Million
Auctioneers, a leader in the accelerated marketing and disposition of quality
real estate, is pleased to announce the August 5, 2014 sale at Absolute Auction
of 11 Ferry St., Essex, CT on behalf of the retiring owner of this family
business since 1955. The "Essex Island
Marina" complex is located on a 13.2+/- acre private island at the entrance to
North Cove on the Connecticut River with a mainland dock at Ferry & Pratt
Streets. The island is within 30 miles of Mohegan Sun, Mystic Seaport, Groton
Naval Base & other attractions.
on this turnkey property include over 21,000 sf. of building area including a
dock office, restaurant, guest services, repair shop, in-ground pool, picnic
areas, 125+/- slips, 14,520+/- sf. of inside boat storage & outdoor storage
for 80+/- boats.
the auction, over 100 spectators looked on as 21 registered bidders, each with
$75,000 in certified deposit funds in hand, competed for this marina property. Firm President and auctioneer, Justin J.
Manning opened the bidding at $400,000 and ended with a final purchase price of
$3,465,000 achieved. The successful
bidder is currently a marina owner and operator.
Auctioneers sells high value commercial & residential real estate. With a full schedule of upcoming auctions, the
firm is currently accepting consignments for the 4th Quarter of 2014. Please visit www.JJManning.com or call
800-521-0111 for further information.
Auctioneers provides expert accelerated marketing and asset disposition
solutions to Fortune 500 companies, REITs, corporations, government agencies,
financial institutions, REO portfolio managers, small businesses, and private individuals
across America. Since 1976, JJManning
Auctioneers has successfully marketed and sold over 14,000 commercial,
industrial, and residential real estate properties.
Justin J. Manning, CAI, AARE - President/CFO
Name: JJManning Auctioneers
Number: 800-521-0111 x-223
Site Address: www.JJManing.com
Address: 179 Old King's Hwy, Yarmouth Port, MA 02675