7007 Marina Dr - Marinas FOR SALE


Kingston, OK 73439
$17,500,000 USD
702-826-8263
7007 Marina Dr, Kingston, OK for Sale
$17,500,000 USD
Marinas - FOR SALE
1/8
null | 14.26% Cap Rate

7007 Marina Dr
Kingston, OK 73439


HIGHLIGHTS

  • 183.7 Acres Total | 93.7 Acres Active Marina | 90 Acres Future Expansion
  • Value-Add Redevelopment Opportunity.
  • 196 Covered Boat Slips + Additional Courtesy Slips and 2 Boat Ramps
  • Diverse Income Streams: Fuel, Restaurant, Boat Rentals, Lodging, Retail
  • $2.5M+ Pro Forma NOI with Room for Optimization and Development Phasing
  • Surging Demand Drivers: Proximity to $6B Preston Harbor (Margaritaville Resort), $2B Pointe Vista Development

OVERVIEW

Marina del Rey is a premier, income-producing marina situated on the scenic shores of Lake Texoma in Kingston, Oklahoma. Spanning 183.7 total acres—93.7 acres currently improved and operating—the property offers a rare opportunity to acquire a stabilized asset with tremendous upside through future phased development. The marina features 196 covered wet slips, 69 dry storage units, RV camping sites, 12 cabins, a ship store, a restaurant, fuel docks, and an entertainment pavilion. Income is diversified across marina operations, boat rentals, fuel, lodging, food & beverage, and retail—generating over $4.5M in potential gross revenue with strong historical performance. The site benefits from a long-term ground lease with the U.S. Army Corps of Engineers through December 2036, with a 25-year renewal option available, positioning this as a long-hold trophy investment. With 90+ acres of underutilized leasehold area and recent momentum from major regional developments like the $6B Preston Harbor and $2B Pointe Vista projects, this offering represents a compelling blend of cash flow, scale, and strategic land play. The property is in need of reinvestment due to storm damage from a tornado on March 21, 2022, followed by recent flooding. Despite this, the site offers exceptional upside for an investor/operator ready to reposition a one-of-a-kind waterfront asset.

FOR SALE DETAILS

PRICE

$17,500,000 USD

PRICE/SF

$462 USD /SF

CAP RATE

14.26%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Marina del Rey | Trophy Marina - 183.7 Acres

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Marinas

ADD'L SUBTYPES

Self Storage, Trailer/Camper Park

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

183.7 AC

LAND SF

8,001,972 SF

ZONING

None - ETJ

APN/PARCEL ID

0000-21-07S-06E-0-006-00

ASK ABOUT THIS PROPERTY

Brandon HiettMohr Partners, Inc.More Info
702-826-8263

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Brandon HiettMohr Partners, Inc.More Info
702-826-8263

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.