Air Monitor & United Generator Industrial Properties
Sonoma County Industrial | Excellent Demographics | High VPDs
Marketing description
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.
Investment highlights
- Air Monitor Corporation, a wholly owned subsidiary of TASI Group, has occupied the primary (±40,900 SF) building since original construction more than 55 years ago, demonstrating exceptional tenancy stability. The tenant recently executed a 3-year renewal on a net lease structure with approximately 3% annual rental escalations.
- Air Monitor Corporation is a leading manufacturer of airflow measurement and control technologies, with applications across commercial HVAC systems, industrial processes, and power generation facilities, underscoring strong credit characteristics and mission-critical occupancy.
- United Generator is an established generator sales and service provider with over 20 years of operating history, offering stability and long-standing industry presence within the secondary building.
- Rare North Bay net lease investment opportunity located in a supply-constrained infill industrial market with high barriers to entry and limited competing product.
- Tenants operate in mission-critical industrial sectors, supporting long-term occupancy and strong retention.
- Recent capital improvements, including a new roof on the annex building, and upgraded interior finishes in the annex building, reduce near-term capital expenditure risk.
- Strong surrounding demographics with average household incomes exceeding $125,000 and approximately 184,000 residents within a five-mile radius.
- Strategically located just off U.S. Highway 101, providing excellent regional connectivity.
- The surrounding area is anchored by national and regional tenants including Tesla, UPS, Trader Joe’s, and others.
- Located approximately six minutes from Charles M. Schulz–Sonoma County Airport and within a one-hour drive of San Francisco, offering strong regional accessibility.
- The investment may qualify for accelerated depreciation through cost segregation, providing potential tax advantages and enhanced after-tax returns (buyer to verify).
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