Atlantic Marina Holdings Pays $22.5M for Tierra Verde Resort & Marina
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Atlantic Marina Holdings LLC acquired Tierra Verde Resort & Marina at 200 Madonna Blvd. in Tierra Verde, FL from Tierra Verde Marina Resort LLC for $ 22.5 million, or about $ 1,875 per square foot. The marina delivered in 1963 and was renovated in 2015. Tierra Verde Marina & Resort totals 12,000 square feet of retail and marine-related service space and consists of 501 wet and dry slips. The slips were approximately 85 percent occupied at the time…
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