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5120 Robinwood Rd
Bonita, CA 91902
Office Property For Sale
Investment Highlights
- Fully leased retail and office center with 10 established tenants.
- Strong upside potential with rents below market rates.
- Excellent historical occupancy with decades of low vacancy.
- Prime corner location at a major signalized intersection.
- Recent upgrades include electrical panels and parking lot resurfacing.
- Offered below recent appraisal for immediate investment value.
Executive Summary
Robinwood Center presents a rare opportunity to acquire a fully leased multi-tenant retail and office property in the heart of Bonita, California. Positioned at a major signalized intersection on the southeast corner of Briarwood Road and Robinwood Road, this 10,437-square-foot center sits on a 0.73-acre lot and is 100% occupied by 10 tenants under gross modified leases, with Verizon holding a land lease. The property has demonstrated exceptional stability with decades of near-zero vacancy and offers significant upside potential as current rents remain well below market rates. Recent upgrades include electrical panel improvements, parking lot resurfacing, and HVAC replacements. With an actual cap rate of 5.01% and a projected cap rate of 7.00%, this asset is priced at $2,395,000—substantially below its recent appraisal of $2,600,000. Ideal for investors seeking a strong income stream and long-term growth in a thriving submarket.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
10,009 SF
Building Class
C
Year Built
1980
Price
$2,395,000
Price Per SF
$239.28
Cap Rate
5.01%
NOI
$120,012
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,218 SF
Slab To Slab
9’
Building FAR
0.31
Lot Size
0.73 AC
Zoning
C36, S.D. County
Parking
37 Spaces (3.63 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 589-230-20 | Improvements Assessment | $745,142 |
| Land Assessment | $901,381 | Total Assessment | $1,646,523 |
Property Taxes
Parcel Number
589-230-20
Land Assessment
$901,381
Improvements Assessment
$745,142
Total Assessment
$1,646,523
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