CBRE Announces Sale of Signature Intracoastal, Mixed-Use Marina in Broward County, Florida

CBRE has arranged the sale of Lighthouse Point Marina (LHPM), a mixed-use marina intracoastal property in Lighthouse Point, Fla., to Charleston, South Carolina-based Port 32 Marinas for an undisclosed amount.

CBRE’s Julie Fisher Berry and Sheila Roux represented the seller, Lighthouse Point Marina Inc, in the transaction.

Located at 2831 Marina Circle, LHPM opened in the 1960s and is located less than half a nautical mile from the Hillsboro inlet. The 4.4-acre property includes 102 wet slips with 4,000 square feet of lineal dockage that can accommodate up to 100-foot vessels.

The property’s amenities include the Nauti Dawg Marina Café, a 2,271-square-foot restaurant with indoor/outdoor seating that’s open to the public; a 1,217-square-foot dockmaster’s house with a ship store; and a 600-square-foot repair shop built in 2001. It also includes 3,231 square feet of multi-tenant office buildings occupied by Affiniti Yacht Brokerage and Specialty Nutrition Consulting.

“The Lighthouse Point Marina has been owned and operated by the Spieker family for over half a century. As second-generation owner-operators, it was important for us to find a buyer that would respect what we created and retain our staff and family culture, with the intention of maintaining and even improving the site with time. We believe we have found that buyer with Port 32 Marinas,” said Maureen Canada, former president of Lighthouse Point Marina. “We want to thank our brokers, Julie Berry and Sheila Roux with CBRE, for their professionalism and expertise during what was an emotional transaction for us.”

“CBRE’s Marinas and Shipyards team is honored to represent the owners of this high-profile marina. The Spieker family kept the marina in excellent condition and built the Nauti Dawg Marina Café to be one of the most popular restaurants in the area. Lighthouse Point Marina’s location, amenities and reputation have made it among the most coveted marinas in South Florida,” said Julie Fisher Berry, a Senior Vice President with CBRE in Fort Lauderdale. “After a strategic offering process, Port 32 Marinas emerged as the perfect buyer. CEO Austin Schell and his team have engaged with the owners and staff for a smooth transition that will continue the successful legacy built by the original owners.”