Whitehorn Cove Marina
Buy Existing Cash Flow with Upside!
34651 E 700 Rd Wagoner OK 74467
List Price
7.84 %
Cap Rate
Whitehorn Cove Marina Investment Opportunity
  • The Intrepid Group is pleased to offer Whitehorn Cove Marina, located on Fort Gibson Lake just outside of Tulsa Oklahoma as an exciting opportunity for an investor to acquire this multi-use property. Whitehorn Cove Consists of a total of 321 rental sites with 162 wet boat slips, 92 MH Sites (all MH's are tenant owned), 37 RV sites and 30 dry storage sites.
  • Property is currently highly occupied without any marketing or effort by the current owners, who are ready to retire. This makes this a great opportunity to buy the property with in place cash flow and realize the massive upside.
  • Some property enhancements may include a website, advertising campaign, online reservations, marina management software implementation, making current onsite staff the general manger, adding internet, golf carts and a few other things that can be easily implemented.
  • 92 Mobile Homes - All tenant owned with 100% Occupancy. Seller thinks buyer can increase rents.
  • 162 Boat Slips - Docks need some improvement, but will have no problem occupying the newer slips - per seller.
  • 37 RV Sites - Additional Room to add another 40+ Sites - per seller.
  • 30 Dry Storage Space - Used for trailer and small boat storage.
Location Information
  • Whitehorn Cove Marina is a short Drive from many of the largest MSA's in Oklahoma and Arkansas.
  • Tulsa, Oklahoma - 1 Hour Drive Time.
  • Fort Smith, Arkansas - 1:30 Minute Drive Time.
  • Oklahoma City, Oklahoma - 2:25 Minute Drive Time.
Peter Meyer
(713) 320-9651
Lic: 0531067
David du Menil
Director - Texas
(254) 242-8129
Lic: 9012050