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Colliers arranges sale of Keystone Harbor marina to Dallas-based buyer
Keystone Harbor, located on Keystone Lake just west of Tulsa, Oklahoma, has 244 wet slips and a 50-pad RV park
By: Colliers International
Keystone Harbor is one of the newest marinas in Oklahoma with 244 wet slips and approvals to expand to over 400 wet slips. The 25-acre property also includes an RV park with 50 sites that can be expanded as well, an RV/Airstream rental business, boat rentals, and The Harbor Grill, a popular dockside restaurant.
Andrew Cantor, Matt Putnam and Dan Grovatt of the Colliers Leisure Property Advisors team represented the seller, Ron Howell, in the transaction. The buyer represented themself in the transaction.
"We were delighted with the process that the Colliers team ran for us in the sale of Keystone," said Ron Howell, principal, Keystone Harbor, LLC. "They delivered a result that well exceeded our family's expectations."
Keystone Harbor opened in 2013 and was built on land owned by the U.S. Army Corps of Engineers, leased by the city of Mannford and sublet to project's developer through a public-private partnership.
Keystone Harbor offers boat slips that extend from 26 feet in length to 80 feet. Slip holders are provided 24-hour security, WiFi access, private restrooms with showers, free laundry center, courtesy dock and golf carts, permitted lounge and patio space, available concierge services, trailer storage, and dock attendants. Onsite boat service and maintenance is also provided through a third-party tenant.
"The market has a strong appetite for marinas and newer, high-quality facilities are particularly attractive,"
The expansion potential of the marina made Keystone very attractive for investors. The buyer intends on adding slips and RV spaces as part of its business plan to enhance the property.