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7007 Marina Dr - Marina del Rey | Trophy Marina - 183.7 Acres 37,875 SF Specialty Building Offered at $23,953,826 CAD at a 14.26% Cap Rate in Kingston, OK 73439
Investment Highlights
- 183.7 Acres Total | 93.7 Acres Active Marina | 90 Acres Future Expansion
- 196 Covered Boat Slips + Additional Courtesy Slips and 2 Boat Ramps
- $2.5M+ Pro Forma NOI with Room for Optimization and Development Phasing
- Value-Add Redevelopment Opportunity.
- Diverse Income Streams: Fuel, Restaurant, Boat Rentals, Lodging, Retail
- Surging Demand Drivers: Proximity to $6B Preston Harbor (Margaritaville Resort), $2B Pointe Vista Development
Executive Summary
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.
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.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Waterfront
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7007 Marina Dr - Marina del Rey | Trophy Marina - 183.7 Acres
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