Listed by LJG Comm LLC
$3,700,000
Kitty Hawk Event/Business Center
Details
Property Type Office, Retail
Sub Type Day Care/Nursery, Executive Office
Square Footage 16,000
Cap Rate 5.65%
NOI $209,057
Occupancy 47%
Tenancy Multi
Rent Bumps Yes
Price per SqFt $231
Class C
Buildings 3
Acreage 4.500
Zoning C2/O
Parking Spaces 120 spaces
Parking per 1,000 SqFt 7.50
Investment Type Net Lease
Ground Lease No
47.27% Leased CAP 5.65%
Marketing description
Kitty Hawk Garden Offices – Multi-Tenant Business Center at 300 Kitty Hawk Road, Universal City, TX 78148 offers a compelling value-add investment opportunity in the Northeast San Antonio market. Situated on 3.99 acres, this 32,914 SF Class C office property features three buildings totaling 15,267 SF, 8,875 SF, and 8,772 SF, with 120 surface parking spaces and C-3 zoning.
Currently 47.27% leased, the asset presents significant upside through lease-up and repositioning. With 17,351 SF available, including up to 15,267 SF contiguous, the property is well-suited for a wide range of users including daycare or school operations, medical practices, professional offices, adult daycare, counseling, and beauty services.
The campus offers flexible open-plan layouts, polished concrete and tile flooring, drop ceilings, a fire sprinkler system, DDAA compliance, courtyard space, and strong monument/signage visibility. Located along highly visible Kitty Hawk Road near Pat Booker Road and Quivira Road, the property benefits from strong traffic counts and nearby retail anchors including Pizza Hut, Taco Cabana, AutoZone, and Advance Auto Parts. This is an exceptional opportunity to acquire a well-located business center with immediate income and long-term growth potential.
Investment highlights
- High Visibility & Traffic – Daily exposure to thousands of commuters and retail shoppers.
- Flexible Repositioning – Proven demand for daycare/school (brochure focus), medical offices, adult daycare, counseling, contractors, and beauty/professional services.
- Value-Add Upside – Low current occupancy = immediate income growth potential.
- Demographic Tailwinds – Growing population + solid incomes in a stable Northeast San Antonio submarket.
- Land Value – Nearly 4 acres in C3 zoning provides long-term development or expansion optionality.
Listing Contacts
Listed by LJG Comm LLC
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$209,057.00
$17,421.42/mo
Valuation Metrics
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DSCR
5.65%
Cap Rate
5.65%
ROI
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