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-   -   Price Premium for a Slip in San Francisco (http://www.sailnet.com/forums/boat-review-purchase-forum/35871-price-premium-slip-san-francisco.html)

ibthomson 08-08-2007 04:31 AM

Price Premium for a Slip in San Francisco
 
Hello all, I'm currently looking at buying a boat and getting the current owner's slip at gas cove marina in San Francisco. I'm trying to price out the value of the slip, as the current offering price strikes me as too steep.

bestfriend 08-08-2007 12:59 PM

I have seen people ask for 20k over the true value. Slips at pier 39 go for anywhere between 8k and 30k.

ibthomson 08-08-2007 09:02 PM

good info, thanks.

uspirate 08-08-2007 09:05 PM

Quote:

Originally Posted by bestfriend (Post 177016)
I have seen people ask for 20k over the true value. Slips at pier 39 go for anywhere between 8k and 30k.

BF, is that buy or rent?

bestfriend 08-08-2007 10:11 PM

Technically, they are both rent. SF marina is City owned and run, so no ownership, but their is a loophole, and people charge more for the boat with the slip attached. Pier 39 is leased from the City by Pier 39 LLC. You can buy the slip for 30 some-odd years, so its basically a lease too. That last one makes no sense to me at all.

US25 08-09-2007 12:47 AM

Quote:

Originally Posted by bestfriend (Post 177316)
Technically, they are both rent. SF marina is City owned and run, so no ownership, but their is a loophole, and people charge more for the boat with the slip attached. Pier 39 is leased from the City by Pier 39 LLC. You can buy the slip for 30 some-odd years, so its basically a lease too. That last one makes no sense to me at all.


That's lame. The port of Seattle makes you give up your slip if you sell your boat. The slip goes back in the pool and whoever is next on the waiting list gets it. Keeps it fair. I don't think anyone should be able to profit from a City owned marina. And what's with an LLC running a City owned property? Californians......

bestfriend 08-09-2007 02:10 AM

Yes, Californians......I am only here because I have an incredible son and an incredible job.

wakked1 08-09-2007 06:41 PM

It depends on the specific marina. Some only let you stay there for 12 months or so if you purchase a boat then they give it up to the next person on the waiting list. Tends to depend on how much demand there is.

bestfriend 08-09-2007 08:10 PM

South beach was very kind to me when I bought my boat there. They moved me around on the slips that were open while people did haulouts, trips, etc. We stayed for about six months until they ran out of options for us.


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