116 Kestrel Drive Vantage Drive, Suite 1200 San Antonio TX reocsanantonio.com. For Sale or Lease R E OC

Transcription

1 Office Building Hangar 116 Kestrel Drive Spring Branch, TX Office Building with Optional Hangar For Sale or Lease 8023 Vantage Drive, Suite 1200 San Antonio TX reocsanantonio.com

2 Table of Contents SECTION 1 SECTION 2 SECTION 3 SECTION 4 SECTION 5 SECTION 6 SECTION 7 SECTION 8 Maps Plans Photos Property Summary Quote Sheet Singing Hills Overview Bulverde Market Overview TREC Agency Disclosure 2013 REOC San Antonio. REOC San Antonio is a licensed Real Estate broker in the State of Texas operating under REOC General Partner, LLC. The information contained herein is deemed accurate as it has been reported to us by reliable sources. As such, we can make no warranty or representation as to the accuracy or completeness thereof. Further, the property is presented subject to availability, change in price or terms, prior sale or lease, or withdrawal from the market.

3 City Location Map

4 Aerial Map

5 Site Aerial Office Building Hangar

6 Site Plan First Floor Second Floor

7 Photos

8 Property Summary Address Location Property Details Land Legal Description Year Built 2002 Utilities Construction Singing Hills Adjacent Tenants 116 Kestrel Kestrel Air Park 10,170 SF 2-Story Office Building 3,600 SF Hangar Building which includes 800 SF of Air conditioned Office Space Offices Approx. 1 ac. Hangar 0.5 ac. Lot 2, Block 1, Kestrel Air Park Subdivision, Unit 2, Comal County, Texas. Electrical & HVAC (water & sewer available) Concrete slab foundation with steel framing Stone and concrete board siding Plate glass windows Standing seam metal roof Tile and carpeted flooring Sheet rock walls and ceilings Suspended acoustical tile ceilings Spot and florescent lighting Wood doors Receptionist desk Built-in cabinets and shelves Ceiling fans A 250-acre mixed-use project neighboring Kestrel Air Park (See Section 6) BICS Bell Intercoolers Jet Aviation Engineering Services Premier Aviation Coldchain Comments Located in Kestrel Air Park, a community designed to give home owners access to private aircraft facilities Quick and easy access to US Hwy 281 and the commercial district of Hwy 46/281 Easy ingress and egress to Hwy 281 High visibility to/from Kestrel Air park runway Access to commercial storage facilities Adjacent to Singing Hills, a 250-acre master-planned development Attractive aeronautical architecture 2nd floor consists of conference room, file room, and break room with kitchen area Park-like setting Both interior and exterior in excellent condition Floor plan includes both open and private offices Large conference room and kitchen facilities Ideal for a wide variety of commercial uses Available space easily adaptable Surrounding retailers include HEB Plus, Home Depot, Tractor Supply, Wells Fargo, Randolph Brooks FCU and many others Other Kestrel Air Park occupants/businesses include CubeSmart Self Storage, Yellow Rose Aviation, Coldchain Technology Service, Bell Intercoolers and Premier Aviation Abundant parking Private hangar adjacent to office building Immediate access to 3,000 linear feet asphalt runway at Kestrel Air Park Kestrel Air Park ( Tower Control: No Runway Width: 40 Public Use: Yes FAA Identifier: 1T7 Elevation: 1,261 ft / 384 (estimated) Wind Indicator: Yes Lights: SS-SR FAA Information effective ( REOC San Antonio believes this information to be accurate but makes no representations or warranties as to the accuracy of this information.

9 Quote Sheet Lease Square Footage Gross Square Feet 10,170 Available (Hangar 3,600 SF additional)* [Optional] Base Rental (Office) (Hangar) CAM Taxes & Insurance Kestrel Fees** Term Improvements $1.25 NNN PSF monthly (with annual 2% increases) $0.50 NNN PSF monthly (with annual 2% increases) $1.00 PSF annually estimate $1.58 PSF annually Runway Fees: $ per year Maintenance Fees: $ per year Three (3) to ten (10) years As-Is Sale Asking Price $1,395,000 Earnest Money $10,000 Title Commitment Delivered to Buyer within ten (10) days of contract Effective Date Survey Feasibility Period Closing Current survey delivered to Buyer within ten (10) days of contract Effective Date Ninety (90) days from the contract Effective Date Thirty (30) days after the end of the Feasibility Period Parking First Month s Rental Deposit Financial Information Disclosure Ample surface Due upon execution of lease document by Tenant Equal to one (1) month s Base Rental (typical) Required prior to submission of lease document by Landlord A copy of the attached Real Estate Agency Disclosure Form should be signed by the appropriate individual and returned to Landlord s leasing representative. *Includes 800 SF air-conditioned office **If hangar is leased with building these fees will be assumed by Tenant Actual Base Rental under any proposed lease is a function of the relationship of expense and income characteristics, credit worthiness of tenant, condition of space leased, leasehold input allowances, term of lease and other factors deemed important by the Landlord. This Quote Sheet does not constitute an offer. Neither this document nor any oral discussions between the parties is intended to be a legally binding agreement, but merely expresses terms and conditions upon which the Landlord may be willing to enter into an agreement. This Quote Sheet is subject to modification, prior leasing or withdrawal without notice and neither party hereto shall be bound until definitive written agreements are executed by and delivered to all parties to the transaction. The information provided herein is deemed reliable, however, no warranties or representations as to the accuracy are intended, whether expressed or implied.

10 Singing Hills Overview Singing Hills, a 250-acre mixed-use project located just south of Kestrel Airpark, is bringing some much needed retail and restaurant options to the Bulverde/Spring Branch area. The project features: 180,000 sf Walmart Supercenter Hampton Inn, Skilled Nursing Facility, Whataburger, Popeyes, SSFCU, Burger King, Panda Express, Taco Bell, Discount Tire, Texas MedClinic, Ay Chiwawa!, The Wash Tub, Jiffy Lube, Sonora Bank, 60,000 sf Professional Office Building, Pre-School/Daycare Planned Climate Control Storage Entertainment / Theater Shops, restaurants, and more For more information, visit the Singing Hills website at

11 Bulverde Overview Summary Situated 20 minutes due north of San Antonio, Bulverde is a thriving community nestled in the Texas Hill Country. The majority of Bulverde sits in the western portion of Comal County but the southern portion of the city occupies northern Bexar County. Over the past decade, urban sprawl has pushed steadily northward from San Antonio along the US 281 corridor. Development has transformed once rural ranch land into well-planned residential communities. The growth of Bulverde as a commuter community has been a relatively recent development. Total population for a five-mile radius around the city of Bulverde grew 102.2% throughout the decade of 1990 to During the same period, the total number of households increased by 99.4%. The 2010 Census measured the more closely defined population within the city limits at 4,630 - up 23.1% from Following the residential growth of the area, commercial development has provided the area with goods and services translating into economic expansion. The intersection of US Highway 281 and Highway 46 is the epicenter of this recent development which includes major retailers such as H-E-B, the predominant grocer in the San Antonio market, Home Depot, Randolph-Brooks Federal Credit Union, Starbucks, Tractor Supply, and others. The economy of Bulverde is growing. City sales tax rebates have shown a steady upward trend over the past several years. Property values are high and residents enjoy a median household income substantially greater than nearby cities, Comal County and the State. 7,000 6,000 Bulverde Population Growth Source: US Census, ESRI 15-Mile Trade Area 2010 Census 2018 Estimate 2023 Forecast Population 208, , ,221 Total Households 76,187 97, ,870 Median Age Avg HH Income - $129,782 $142,077 Median HH Income - $102,320 $107,161 Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and ,000 4,000 3,000 2,000 1,

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