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Commercial Real Estate
Business Observer Friday, Sep. 25, 2015 4 years ago

Yacht Solutions owners buy Cortez Cove Boatyard

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Fernando and Helena Costa purchased Cortez Cove Boatyard & Marina for $1.8 million. The price equated to $172 per square foot.

BUYER: F&H Real Estate Investments LLC (managers: Fernando and Maria Helena Costa), Bradenton
SELLER: Item Invest LLC
PROPERTY: 4522 W. 121st St., Bradenton
PRICE: $1.8 million
PREVIOUS PRICE: $685,000, May 2008
LAW FIRM ON DEED: Williams Parker Harrison Dietz & Getzen, Sarasota

PLANS, DESCRIPTION: Fernando and Helena Costa purchased Cortez Cove Boatyard & Marina for $1.8 million. The price equated to $172 per square foot.

The 2.66-acre property features three buildings with a total of 10,458 square feet of commercial space. They were constructed in 1967, 1972 and 1980. The property also features 32 wet boat slips and another 32 dry slips.

The Costas have been renting and operating the boatyard as Yacht Solutions LLC for the past eight years. They started operating the marina/storage portion of the business as well in 2012.

“We are a full-service boatyard,” says Helena Costa. “We plan to keep it the same for many of the reasons the owners wanted to sell to us. They had an emotional attachment to it.”

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