Specialized Manufacturing
For Sale
Contact for pricing
1941 Walker Avenue, Monrovia, CA 91016
Purpose-built medical device production facility with clean-room infrastructure and an established operating history.
Property Size26,000 SF
Price / SF$331.19
Days on Market53
Property Features for 1941 Walker Avenue
General Information
Standard status
Active
Size
26,000 SF
Total Parking Spaces
61
Property subtype
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$516,672
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Listing Agency:
CBRE - Orange County
Listed By:
Mark Shaffer · License #CA 01253743
(818) 502-6700
Source:
Crexi
Added: Aug 26
Changed: Oct 13
Last Checked: Oct 16 at 6:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Orange County
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Investment Insights
Based on property information with market context.
This 26,000-square-foot manufacturing facility has been occupied by STAAR Surgical since 2012 for medical device production. The improvements include customized manufacturing systems and clean-room infrastructure tailored to the tenant’s operations, along with capital investments made over the course of the tenancy.
The property operates as part of a two-building campus with interconnected workflows extending into the adjacent facility. Its location on Walker Avenue in Monrovia provides access to the I-210 corridor and the A Line Monrovia Station. The surrounding San Gabriel Valley research and education network includes Caltech, JPL, the Claremont Colleges, Cal Poly Pomona, Occidental College, and Whittier College.
The property operates as part of a two-building campus with interconnected workflows extending into the adjacent facility. Its location on Walker Avenue in Monrovia provides access to the I-210 corridor and the A Line Monrovia Station. The surrounding San Gabriel Valley research and education network includes Caltech, JPL, the Claremont Colleges, Cal Poly Pomona, Occidental College, and Whittier College.
Key Highlights
- 26,000‑square‑foot manufacturing facility occupied by STAAR Surgical since 2012
- Customized manufacturing systems and clean‑room infrastructure for medical device production
- Tenant capital investments tailored to the facility’s operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$303,838
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,076,760
$6.1M
Cap Rate 7%
$4,340,543
$4.3M
Cap Rate 9%
$3,375,978
$3.4M
Market Conditions
NOI Build-Up for 26,000 SF
Gross rent
$461.8K $17.76/SF
− Vacancy
−$27.7K −$1.07/SF
EGI
$434.1K $16.69/SF
− OpEx
−$130.2K −$5.01/SF
NOI
$303.8K $11.69/SF
Area
Los Angeles County, CA
Vacancy
6.00%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,076,760
Cap Rate 7%
$4,340,543
Cap Rate 9%
$3,375,978
Alternative Uses
Best Use
Industrial
$4.34M
$3.80M – $5.06M
NOI $303,838 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.92M
$12.18M – $16.24M
NOI $974,421 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
Explore this area
Business Placement
Demographics for 91016, CA
41,852
Population
16,171
Households
2.6
Avg Household Size
41
Median Age
44%
College-Educated
90%
High-School Grad
8.5 sq mi
ZIP Area
4,924
Density / Sq Mi
$99,555
Median Household Income
$51,120
Median Earnings
$2,008
Median Rent
$874,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Purpose-built medical device production facility with clean-room infrastructure and an established operating history.
Where is this manufacturing property located?
The property is located at 1941 Walker Avenue Monrovia, CA.
What is the asking price?
The asking price for this property is $8,611,000.
What are key features of this property?
This property features: 26,000‑square‑foot manufacturing facility occupied by STAAR Surgical since 2012; Customized manufacturing systems and clean‑room infrastructure for medical device production; Tenant capital investments tailored to the facility’s operations
