6170 NW Polk City Drive
Polk City, Iowa 50226
Saylorville Lake Marina is a 130 acre, 394 slip marina opened in the late 1970’s on Saylorville Lake, 10 miles north of Des Moines, Iowa. It is the only marina on the 6,000-acre Saylorville Lake. The Marina is a full-service facility featuring wet slips, dry storage, trailer storage and more.
The Marina, acquired in April 2012, was renovated in 2004, and has routinely been leased in excess of 90%. The addition of 100 slips was granted approval. We have added 22 new 40′ covered slips which serve to increase cash-on-cash returns and improve overall value, followed by 18 32-foot slips due to increased demand. The Marina has thus far performed extremely well with total revenues and gross profits above budget. The latest amenities added to the marina include a ship store which has been both a great convenience to our customers and a new income stream for the asset, and most recently a new restaurant was added serving American cuisine with brunch on the weekends.
Westmount Realty Capital, LLC