Essex, CT (PRWEB) August 09, 2014
JJManning 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.
Improvements 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 and outdoor storage for 80+/- boats.
At 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.
JJManning 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.