Grove Avenue Business Park – Ontario, CA

Grove Avenue Business Park is a 62,000 square foot incubator multi-tenant industrial park made up of twelve separate buildings on a major arterial near the Ontario airport. MCA was able to acquire the 100% occupied property at a price significantly below replacement cost. After renovating the exterior and common area and aggressively raising rents, this property was sold in January 2014 resulting in a very attractive return the partnership.