The Real Deal Miami

Bradford Marine’s Davie yacht facility and marina sell for $25M

The deal was part of Fort Lauderdale Yacht Harbor's acquisition of the company that closed earlier this week
By Keith Larsen | January 04, 2019 05:30PM

Paul Engle and the Bradford Marine

Fort Lauderdale Yacht Harbor purchased Bradford Marine’s marina site in Davie for $25.3 million after acquiring the yacht company earlier this week.

The acquisition, which also included a location in the Bahamas, sold for an undisclosed price.

The company’s Davie marina sits on 15 acres at 3051 State Road 84, property records show. The mega-yacht repair facility, marina, and yacht brokerage operation has a capacity to haul up to 250 tons and has over 11,000 linear feet of covered, in-water dockage. The company claims this makes it one of the largest covered yacht facilities in the world for yachts up to 180 feet.

Bradford Marine was founded in 1966 on the New River in Fort Lauderdale by Dieter Cosman and Charles Blickle, Sr.

Fort Lauderdale Yacht Harbor is led by John Kelly of Presto, Pennsylvania, who also owns Imagine Marine.

Julie Fisher Berry of Stiles Realty’s marina investments group brokered the transaction.

Miami Lakes-based BankUnited financed the deal with a $17.5 million mortgage, records show.

The Fort Lauderdale area is known as the yachting capital of the world and boasts the world’s largest in-water boat show. The marine industry has an estimated economic impact for the county of $8.8 billion a year, according to the Marine Industries Association of South Florida.