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Air Monitor & United Generator 1050 Hopper Ave 40,900 SF 100% Leased Industrial Building Santa Rosa, CA 95403 $7,400,000 ($180.93/SF) 7.13% Cap Rate
Investment Highlights
- Air Monitor Corporation, a wholly owned subsidiary of TASI Group, has occupied the primary (±40,900 SF) building since original construction
- United Generator is an established generator sales and service provider with over 20 years of operating history
- Tenants operate in mission-critical industrial sectors, supporting long-term occupancy and strong retention.
- Air Monitor Corporation is a leading manufacturer of airflow measurement and control technologies
- Rare North Bay net lease investment opportunity located in a supply-constrained infill industrial market with high barriers to entry
- Recent capital improvements, including a new roof on the annex building, and upgraded interior finishes
Executive Summary
To access the OM, please email Isabella Mayfield (isabella.mayfield@cushwake.com).
Cushman & Wakefield is pleased to present the opportunity to acquire ±40,900 square foot freestanding industrial building in front and a ±3,265 square foot annex industrial building in the rear on an approx. 91,341 square foot lot with on-site parking located in Santa Rosa, California leased to Air Monitor Corp. and United Generator.
1050 Hopper Avenue is located in North Santa Rosa just west of Highway 101 (112,400 VPD) in a dense, mixed-use industrial, R&D and retail corridor between Airway Drive and Skyview Drive. Surrounding demographics are excellent with average household income of over $125,000 and a population of nearly 184,000 within five miles. Notable nearby tenants include Tesla, Caliber Collision, Interstate Battery Center, UPS, Nanosyn, Harbor Freight Tools, Sherwin Williams, 24 Hour Fitness, and Trader Joe’s, among many others. Highway 101 connects Santa Rosa with the Sonoma County Airport just five miles north of the property, and to Healdsburg and the world-famous Sonoma Russian River Valley wine producing region beyond. Five miles south of the property, State Route 12 connects Santa Rosa to the town of Sonoma, and the world-famous Napa Valley to the east. Downtown San Francisco is one hour south of the property along Highway 101.
Cushman & Wakefield is pleased to present the opportunity to acquire ±40,900 square foot freestanding industrial building in front and a ±3,265 square foot annex industrial building in the rear on an approx. 91,341 square foot lot with on-site parking located in Santa Rosa, California leased to Air Monitor Corp. and United Generator.
1050 Hopper Avenue is located in North Santa Rosa just west of Highway 101 (112,400 VPD) in a dense, mixed-use industrial, R&D and retail corridor between Airway Drive and Skyview Drive. Surrounding demographics are excellent with average household income of over $125,000 and a population of nearly 184,000 within five miles. Notable nearby tenants include Tesla, Caliber Collision, Interstate Battery Center, UPS, Nanosyn, Harbor Freight Tools, Sherwin Williams, 24 Hour Fitness, and Trader Joe’s, among many others. Highway 101 connects Santa Rosa with the Sonoma County Airport just five miles north of the property, and to Healdsburg and the world-famous Sonoma Russian River Valley wine producing region beyond. Five miles south of the property, State Route 12 connects Santa Rosa to the town of Sonoma, and the world-famous Napa Valley to the east. Downtown San Francisco is one hour south of the property along Highway 101.
Property Facts
| Price | $7,400,000 | Lot Size | 2.10 AC |
| Price Per SF | $180.93 | Rentable Building Area | 40,900 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 7.13% | Year Built | 1968 |
| Property Type | Industrial | Parking Ratio | 0.37/1,000 SF |
| Building Class | C | No. Dock-High Doors/Loading | 8 |
| Price | $7,400,000 |
| Price Per SF | $180.93 |
| Sale Type | Investment NNN |
| Cap Rate | 7.13% |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 2.10 AC |
| Rentable Building Area | 40,900 SF |
| No. Stories | 1 |
| Year Built | 1968 |
| Parking Ratio | 0.37/1,000 SF |
| No. Dock-High Doors/Loading | 8 |
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Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
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Air Monitor & United Generator | 1050 Hopper Ave
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