Rivertowne Marina and Tucker’s Landing has been sold to Morningstar Properties, LLC.
Located southeast of Cincinnati on the Ohio River, the marina spans more than 50 acres including a private basin.
Features include four large storage buildings, providing a range of storage solutions with 560 spaces for covered/open dockage and covered/open storage.
The property also includes a newly developed RV park with 83 sites.
“This acquisition showcases our commitment to representing our customers well when it comes to analysing, marketing and preparing sellers for the process of divesting their marinas,” said Rick Roughen, commercial maritime broker at National Marina Sales which handled the sale.
“We were excited to work with Morningstar Properties, LLC to accomplish this trophy acquisition.
“It will be exciting to see now how they maximise the significant potential of Rivertowne Marina and Tucker’s Landing to their full capacities.”
Rivertowne Marina is Morningstar’s ninth marina.
Since 1981, the company has acquired, developed and operated more than 150 self-storage projects across the country, totalling more than 10 million square feet.
The company’s growth is funded through Blue Doors Storage Funds, Morningstar’s private equity vehicles investing in the acquisition and development assets.
