STUART - NAI Southcoast represented Palm City Yachts in the acquisition of its new showroom at 2901 Gran Park Way and the disposition of its showroom at 612 Federal Highway and its service center at 3951 SE Commerce Avenue, all in Stuart.
“The transaction was complex due to the moving parts involved”, said Nikolaus M. Schroth, who with Jeffrey Allman handled the transaction for NAI Southcoast. “Palm City Yachts benefited by moving its sales and service under one roof, and 2901 Gran Park Way was the perfect property for them, but we needed to make the move with minimal downtime at the other properties.”
Palm City Yachts is one of the top Suzuki outboards dealers in the US. It is a family owned and operated business and a one stop shop for sales and service. It is the exclusive dealer for Pioneer, Nautic Star, Aquasport, Bulls Bay and Avenger boats.
Palm City Yachts’ Service Center on Commerce Avenue sold to Capital Scrap in August and its location on Federal Highway is under contract with the closing scheduled for September.
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