Marina sales on the lake are not all that uncommon.
Channel Marine, Thurston's, Shep Brown's, and the Pier all sold within the last four years. None of the sale prices exceeded $3.5 million and some were much less. However, none had the number of slips that West Alton has.
If the buyer pays a price on the high end, arriving at that price based upon cash flow, that could be a problem if the economy continues to slow down. The economy is cyclical and when it slows down the income may not be enough to satisfy the debt. Empty slips don't generate any income.
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