Vision Marine enters lease, purchase option agreement for Florida marina

Vision Marine Technologies (VMAR) announced that its Nautical Ventures division has entered into a commercial lease and purchase option agreement for the marina property that it currently leases at 4470 Ravenswood Road in Dania Beach, Florida, known as the Anglers Avenue Marine Center. Historically used to support Nautical Ventures’ boat sales, the marina generated approximately $3.2M in 2024 through limited storage and service activity. Under Vision Marine’s operating plan to expand the marina in phases, the company intends to expand the site from roughly 109 active slips to a combined wet-and-dry-slip capacity approaching 300 vessels. Based on the company’s projections, this supports multi-million-dollar recurring storage revenue annually. The agreement and lease provide Vision Marine with the ability to acquire the property in the future through a contractual purchase option and includes a right of first refusal should a third-party offer arise.