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Investment Highlights

  • STNL MISSION-CRITICAL ADVANCED MANUFACTURING INDUSTRIAL ASSET: DURABLE CASH FLOW BACKED BY PUBLICLY TRADED HEALTHCARE LEADER
  • IDEAL I-210 TECH CORRIDOR IN THE SAN GABRIEL VALLEY WITH STRONG GROWTH PROJECTION
  • UNMATCHED TENANT STICKINESS & MISSION-CRITICAL OPERATIONS

Executive Summary

STNL MISSION-CRITICAL ADVANCED MANUFACTURING INDUSTRIAL ASSET: DURABLE CASH FLOW BACKED BY PUBLICLY TRADED HEALTHCARE LEADER
* MISSION-CRITICAL SOLE FACILITY | Operates 24/7 with 350 skilled local workers, heavy/expanding power capacity (up to 4,000 AMPS), $1.1M+ in tenant solar/backup power investments, and long-lead cleanrooms as Staar’s exclusive global manufacturing site for its FDA-approved lens implants.

* CONTRACTUAL INCREASES | Fixed annual base rent steps 3.5% every November, reaching $572,843 in the final lease year, providing a hedge against inflation.

* PUBLIC-COMPANY TENANT | STAAR pre-announced Q2 2026 net sales in excess of $90 million, more than double the prior year, with $187.5 million of cash at fiscal year-end 2025.

UNMATCHED TENANT STICKINESS & MISSION-CRITICAL OPERATIONS
* LONG-TERM COMMITMENT & INFRASTRUCTURE INVESTMENT | STAAR Surgical has continuously operated at 1941 S Walker Avenue since 2012, establishing a 14+ year history of operational continuity. The tenant has made substantial capital investments into the facility, integrating customized, high-tech manufacturing and clean-room infrastructure designed specifically for medical device production. This capital intensity creates exceptionally high switching costs, making relocation economically and logistically impractical.

* INTEGRATED CAMPUS & INTERCONNECTED OPERATIONS | The facility functions as an essential component of a dual-building operational campus alongside STAAR Surgical’s adjacent building. The user has architected contiguous, specialized manufacturing workflows directly bridging both facilities. Severing or duplicating this unified supply chain would trigger severe operational disruption and capital loss, ensuring the property remains a mission-critical asset for the tenant’s core global manufacturing operations long into the future

IDEAL I-210 TECH CORRIDOR IN THE SAN GABRIEL VALLEY WITH STRONG GROWTH PROJECTION
* Established Walker Avenue industrial pocket in Monrovia with immediate access to the I-210 tech corridor and the A Line Monrovia Station.

* The Upper San Gabriel Valley commands higher rents than neighboring submarkets, anchored by higher-income communities from Pasadena to Bradbury.

* Caltech and JPL anchor the research economy at the corridor’s western and, along with the Claremont Colleges, Cal Poly Pomona, Occidental College, Whittier College, and etc.

Property Facts

Sale Type Investment NNN
Property Type Industrial
Property Subtype Service
Building Class C
Lot Size 1.12 AC
Rentable Building Area 26,000 SF
No. Stories 1
Year Built 1965
Tenancy Single
Parking Ratio 2.35/1,000 SF
Clear Ceiling Height 18’
No. Dock-High Doors/Loading 2
Zoning M - Industrial

Amenities

  • Fenced Lot
  • Signage
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
8513-001-064
Land Assessment
$1,469,580
Improvements Assessment
$1,733,352
Total Assessment
$3,202,932
  • Listing ID: 41893793

  • Date on Market: 8/26/2026

  • Last Updated:

  • Address: 1941 S Walker Ave, Monrovia, CA 91016

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