Industrial Business & Real Estate Assets for Sale    

Century Boats

 Zephyrhills, FL

A stalking horse bid has been entered in the amount of $6.0 million, and each subsequent bid must be for at least $6.1 million.

THE REAL ESTATE AND BUSINESS ASSETS ARE AVAILABLE FOR SALE IN A BANKRUPTCY AUCTION, WHICH WILL TAKE PLACE ON FEBRUARY 25, 2025.

ALL BIDS MUST BE SUBMITTED BY 5:00 P.M. (EASTERN PREVAILING TIME) ON FRIDAY, FEBRUARY 21, 2025.

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Location

Tampa Market

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GLA

52,000 SF

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Lot Size

7.82 AC

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Income

Tax-Free State

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INVESTMENT HIGHLIGHTS

REAL ESTATE HIGHLIGHTS
  • MANUFACTURING FACILITY W/ OFFICE SPACE
    Building features 38,000 SF of functional warehouse space plus 14,000 SF of two-story office.
  • STRONG INDUSTRIAL MARKET
    The Tampa industrial market has experienced significant growth in recent years with persistent low vacancy rates and yearly average rent increases over
    10%.
  • SIGNIFICANT LAND AREA
    The property consists of 7.82 acres, allowing for future expansion and increased potential for long-term appreciation.
  • ACCESSIBLE LOCATION
    The property is ideally situated along a major thoroughfare in close proximity to US 301, approximately one mile from Zephyrhills Municipal Airport and 40 miles from Port Tampa Bay.
  • POTENTIAL FUTURE RAIL ACCESS
    The property is adjacent to railroad tracks that run along the west border, which could allow the site to be set up for train loading/unloading in the future.
BUSINESS HIGHLIGHTS
  • ICONIC BOAT MANUFACTURER
    Century Boats is a classic American brand that dates back to 1926 and has a history of building high quality offshore, inshore, and lake boats.
  • STRONG OPERATING HISTORY
    The Century Boats brand was purchased by Yamaha in 1995 and at its peak sold over 1,200 boats per year with over 330 national dealers, highlighting the brand’s exceptional market potential and appeal.
  • WIDE RANGE OF PRODUCTS
    Century Boats offers a variety of boat models ranging from 23 to 41 feet manufactured in its Zephyrhills, FL facility that it sells through its network of dealerships.
  • HUGE POTENTIAL
    Expanding product offerings with larger and higher priced boats, growing the dealer network across the U.S. and internationally, and selling boats direct to customers with much higher margins.
  • EXCESS CAPACITY
    The warehouse has significant capacity to increase sales and deliveries, which would enable short-term growth without large capital outlays.

Exclusively Listed By

Greg Paparis

Senior Associate
  gpaparis@northmarq.com      203.803.8748
CA Lic. #02024518

Anthony Cohen

Vice President
  acohen@northmarq.com      310.456.4853
CA Lic. #02097395

In Association With
Jason Long

Associate Vice President
FL Lic. BK3302956

Northmarq

10960 Wilshire Blvd, Suite 1405
Los Angeles, CA 90024


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