exceptional investment opportunity

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EXCEPTIONAL INVESTMENT OPPORTUNITY BlueGate Partners, LLC, and its affiliates, (collectively “BlueGate”) has been retained on an exclusive basis by the owner (the “Owner”) to arrange the sale of the Owner’s fee simple and leased fee interest in Harbortown Marina located on Harbortown Drive on the north side of Sea Ray Drive approxi- mately one mile west of North Banana River Drive in Merritt Island, Brevard County, Florida. (the “Property”). The Property totals approximately 24 acres and includes a 274 wet slip marina offering a diversity of slip sizes from 30 feet to 60 feet and an attractive average width of 16 feet. Total dockage space is 11,058 lineal feet (“lf”); a 255 dry dock marina offering slips up to 32 feet in length by 13 feet in height by 12 feet in width; a 4,800 square foot (“sf”) marina office and restaurant; an attractive pool area and bath house facility; a dry dock storage facility with 25,920 sf of partially covered space; a fuel facility with an 8,000 gallon gas fuel tank and additional above ground fuel tank with the capacity for 7,000 gallons of diesel and 5,000 gallons of gas; and, a storage boatyard with capacity for 69 boats and limited boatyard repair services. A summary of the Property’s salient features is contained in the table below. Wet Dry Storage Surface Storage Commercial Size Address Status (1) Slips Docks (Boats/Vehicles) (SF) Acres 2700 Harbortown Drive Built 274 255 120 4,800 23.54 Merritt Island, Florida Note: (1) Original 1995 DRI includes approvals for 275 wet slips, surface storage for 120 boats or vehicles, covered storage for 500 boats and 30,000 sf of commercial space, but DRI requirements limit the potential of any future development beyond what has been constructed without going through a full approvals process with the County. Exclusively Offered By

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EXCEPTIONAL INVESTMENT OPPORTUNITY

BlueGate Partners, LLC, and its affiliates, (collectively “BlueGate”) has been

retained on an exclusive basis by the owner (the “Owner”) to arrange the

sale of the Owner’s fee simple and leased fee interest in Harbortown Marina

located on Harbortown Drive on the north side of Sea Ray Drive approxi-

mately one mile west of North Banana River Drive in Merritt Island, Brevard

County, Florida. (the “Property”). The Property totals approximately 24

acres and includes a 274 wet slip marina offering a diversity of slip sizes

from 30 feet to 60 feet and an attractive average width of 16 feet. Total dockage space is 11,058 lineal feet (“lf”); a 255 dry dock

marina offering slips up to 32 feet in length by 13 feet in height by 12 feet in width; a 4,800 square foot (“sf”) marina office and

restaurant; an attractive pool area and bath house facility; a dry dock storage facility with 25,920 sf of partially covered space; a fuel

facility with an 8,000 gallon gas fuel tank and additional above ground fuel tank with the capacity for 7,000 gallons of diesel and

5,000 gallons of gas; and, a storage boatyard with capacity for 69 boats and limited boatyard repair services.

A summary of the Property’s salient features is contained in the table below.

Wet Dry Storage Surface Storage Commercial SizeAddress Status(1) Slips Docks (Boats/Vehicles) (SF) Acres

2700 Harbortown Drive Built 274 255 120 4,800 23.54

Merritt Island, Florida

Note:(1) Original 1995 DRI includes approvals for 275 wet slips, surface storage for 120 boats or vehicles, covered storage for 500 boats

and 30,000 sf of commercial space, but DRI requirements limit the potential of any future development beyond what has beenconstructed without going through a full approvals process with the County.

Exclusively Offered By

INVESTMENT HIGHLIGHTS• Well Located Property With Excellent Access by Water and Land – The Property is located adjacent to State

Highway 528 which is a major four lane east-west thoroughfare connecting Orlando and I-4 to the west with

Cape Canaveral to the east. By water, the Property is located along the south side of the Barge Canal which

intersects directly with both the Banana River approximately one mile to the east and Intracoastal Waterway

two miles to the west and has easy access to the Atlantic Ocean through Port Canaveral three miles east.

• Strong Occupancy and Consistent Performance – The Property is 80 percent leased on a blended (wet and

dry slip) monthly/ long term basis. Occupancy in the wet slips has increased approximately 16 percent on a

year-to-date basis. The Property has performed consistently over the previous two years with net revenues

of over $1.7 million in both 2011 and 2012, respectively.

• Significant Demand For Marina Slips – Brevard County has 33,943 vessels registered as of 2012, which is the

seventh most of any County in Florida, however the County has only approximately 4,000 wet boat slips and

over 3,500 dry slips, which equates to approximately one slip for every five registered vessels.

• Potential to Increase Marina Revenues – The Property’s current dockage rates ($9.75 per lf per month for

wet and $9.00 per lf per month dry) are considered below the average of its competitive set which is ap-

proximately $10.49 and $10.31 per lf per month for wet and dry slips, respectively and could be increased.

• High Income Area with Growing Population Base – The average household income within the one mile radius

is approximately $87,623 which is approximately 37.1 percent and 46.1 percent higher than the County (ap-

proximately $63,915) and State of Florida levels (approximately $59,964), respectively. In addition, since

2000, the population growth rates within the one mile radius of the Property and within Brevard County

have been approximately 10 percent and 16 percent to the County’s current estimated population of approx-

imately 550,000 people.

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Brevard

Volusia

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95

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520

520

407

520

528

528

528

524

405

405

406

501

519

1A

A1A

419 3

532

426

419

532

50

3

46

46

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419

Cocoa Beach

Cape Canaveral

Cocoa

Cocoa West

Port St. John

Sharpes

Christmas

Bithlo

Geneva

Bellwood

Viera

Bonaventure

Georgiana

MerrittIsland

Rockledge

LakeWinder

LakePoinsett

Ban

ana

Riv

er

CapeCanaveralAir ForceStation

John F.Kennedy

Space Center

CanaveralNational

Seashore

St. Johns NationalWildlife Refuge

Space CoastRegional Airport

UlumayWildlife

Sanctuary

LakeHarney

St. JohnsRiver Loughman

LakeSouthLake

BananaCreek

SaltLake

BlackpointWildlife Drive

Park

PuzzleLake

Little BigEcon State

Forest

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iver

AtlanticOcean

DaytonaBeach

Titusville

AtlanticOcean

WALTDISNEYWORLD

HarbortownMarina

NASA Causeway

Titusville

HarbortownMarina

FOR MORE INFORMATION

ERIC M. BYLIN, MANAGING PARTNER CRAIG J. CALLAWAY, SENIOR VICE [email protected] • 561.655.1742 [email protected] • 561.655.1748

420 Royal Palm Way, Suite 310, Palm Beach, FL 33480 • Tel: 561.655.1743 • Fax: 561.655.1745

BlueGate and the Owner make no warranty or representation, expressed or implied, to the accuracy of the information contained herein. The information has been submitted in good faith subject to the possibility oferrors and omissions; change of price, rental information or other related Property information; or, withdrawal without notice. Investors should rely solely on their own independent analysis, due diligence andverification of Property information. Prospective Investors agree that BlueGate and the Owner shall have no liability to the Investor or Investor’s representatives or agents resulting from the use of the informationcontained herein or distributed by BlueGate and the Owner in the future.