For Sale
$3,000,000

1150 Robinhood DrStockton, CA 95207

Two-building office complex, 26,162 SF, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional value-add investment opportunity presents a two-building office complex totaling 26,162 square feet, situated on a prominent Stockton, CA location at 1150 and 1212 W Robinhood Dr, zip code 95207. The property, known as the Art Godi Center, consists of twenty office suites across one story in each building, currently boasting 90% occupancy. Built in 1973 and 1974, the complex offers significant upside potential due to below-market rents on many of the shorter-term leases. Approximately 66% of the leases are short-term, presenting an ideal scenario for SBA financing, particularly attractive for owner-users. The smaller suite sizes ensure quick lease-ups of vacant units. The strategic location on Robinhood Drive, a well-established office corridor with an average daily traffic count (ADT) of 12,915, places the property between two major commercial thoroughfares: Pacific Avenue (ADT 32,507) and Pershing Avenue (ADT 24,758), ensuring high visibility and accessibility. Ample parking is available. The asking price is $3,000,000, translating to a price per square foot of $114.67. The property's APN numbers are 108-140-14 and 108-140-13. This presents a compelling opportunity for investors seeking strong returns and owner-users looking for a strategic acquisition.

Highlights

  • 20 office suites in two buildings totaling 26,162 square feet.
  • 90% occupancy.
  • Below-market rents with short-term leases; ideal value-add opportunity.
  • 66% of leases are short-term, creating SBA financing potential for owner-users.
  • Small suite sizes ensure quick lease-ups.
  • High-traffic location (12,915 ADT) on Robinhood Drive, between Pacific Avenue (32,507 ADT) and Pershing Avenue (24,758 ADT).

Property Details for 1150 Robinhood Dr

Property type
Office properties
Square Feet
26,162 SF
Buildings
2
Stories
1

Location Insight

City
Stockton
County
San Joaquin
State
California
Latitude
37.9991647
Longitude
-121.3210487
1150 Robinhood Dr, Stockton, California

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1150 Robinhood Dr
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