Vision Marine Signs Commercial Lease Agreement to Expand Marina
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2025
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Vision Marine Technologies 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.
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About VMAR
Vision Marine Technologies Inc. is a Canada-based company which is engaged in the business of manufacture, sale, and rental of electric boats, as well as the design and commercialization of electric propulsion systems. The Company operates two segments: Vision Marine Segment and Nautical Ventures (NVG) Segment. Through its two pillars: high-voltage electric propulsion technology and the Nautical Ventures multi-brand retail and service network delivers a scalable marine platform built for consumer experience and long-term growth. The Company’s flagship E-Motion 180E powertrain is a purpose-built, high-voltage electric marine propulsion system powering vessels such as the V30 180 HP Electric Pontoon. Its Vision Marine Segment includes design and manufacture of electric boats, sales of electric boats, motors, and related parts and others. Its NVG Segment includes retail dealerships for recreational boats, engines, tenders, and marine products and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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