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.