Manatee Landing Marina
Location: The property is located at 215 8th Street East, Bradenton, Florida and consists of 10.49 acres.
View 215 8th St E in a larger map
Property: The property consists of an operational marina with ancillary uses including:
- A 38,400 square foot (SF) boat storage facility designed to provide up to 276 berths.
- Open air restaurant/bar improvements providing seating for 108 at tables and 28 at the bar (leasehold improvements).
- Adjacent Chickee Hut operated as overflow bar with seating for 44 at tables and 32 at the bar (leasehold improvements).
- Ship store/retail space and marina offices.
Receivers Duties: Assess the operational characteristics of the facility, analyze the financial characteristics and report the same on a monthly basis. Review and approve all vendor agreements and leases, prepare inventory of all furniture, fixtures and equipment (FF&E) utilized to operate the property.
Lender: Branch Banking and Trust (BB&T) / Garrison Financial Group (GFG). During the course of the receivership BB&T sold the note/mortgage to GFG and ARG continues in the same capacity.