MCA Realty Spends $26.5 Mil on Two Inland Empire Assets 150 150 mcarealtyadmin

MCA Realty Spends $26.5 Mil on Two Inland Empire Assets

MCA Realty recently expanded its portfolio in the Inland Empire with the acquisition of two assets, a retail property in Moreno Valley and an industrial asset in Temecula, California. The two properties traded for a combined price of $26.5 mil.

In Moreno Valley, MCA Realty paid $16.5 mil for 117.2k sf portion of Stoneridge Towne Centre, a Target and Kohl’s shadow anchored retail center. The acquisition includes four multi-tenant retail buildings and two retail boxes, as well as four developable pads encompassing 5.24 acres. The retail assets are 88% occupied with Best Buy and West Elm currently occupying the two box spaces on short term leases.

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