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Old 05-11-2006, 05:26 PM
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Join Date: Aug 2005
Location: Charleston, SC
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Default Owning a Dry Stack Storage Slot - Dry Stack Condos???

I just recently found out that a local marina is 'Selling' dry-stack storage spaces.... Below is an excerpt from thier Sales Dept...

"Hello all from the Name Your Marina Sales center here in the South Carolina. Sales thus far have been strong out of the gates with not a penny spent in advertising. We are having our grand opening next weekend and opening the flood gates to the public for purchase. Being the first DryStack in our area to covert into condo's is very exciting and once the public actually is properly educated on the concept I feel as if we will awake a sleeping giant down here in our area. Before we started selling the racks we traveled to a number of DryStacks up and down the east coast and where absolutly amazed to see how well they all were doing and took three steps back when we heard how much money they were charging, and getting for slips. A great example was Wilmington, NC. The same slip that we are selling today for 50K they are selling for 120K and there is close to a year wait.
For anyone who would be interested in recieving any more info on our project, please call 843 xxx-xxxx. "

My question is how many people own one of these, and is it really a wise investment. Do Banks really finance these and what do you do about insurance, etc???

What do you do when Hurricane 'Schitt Happens' comes rolling thru and wipes out the whole Marina? Does anyone know of anything like this along the Gulf Coast/Florida and what are they like today?

Insight Please!
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Old 05-11-2006, 05:35 PM
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Default Re: Owning a Dry Stack Storage Slot - Dry Stack Condos???

My apologies for not doing a 'search' first....think I found this thread http://www.thehulltruth.com/forums/t...asp?tid=101423 that is addressing the same issue/location. Will post there, Thanks.
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