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Escondido Industrial Property Sold For Nearly $8.3M

Escondido Industrial Property Sold For Nearly $8.3M 150 150 MCA Realty

An Encinitas-based real estate investment firm has acquired a multi-tenant industrial project in Escondido for nearly $8.3 million. Providence Capital Group bought the 40,968 square-foot project at 2750 Auto Park Way from MCA Realty based in Orange County.  

Industrial Property to See Continued Investor and Tenant Demand – Interview With: Tyler Mattox

Industrial Property to See Continued Investor and Tenant Demand – Interview With: Tyler Mattox 150 150 MCA Realty

How would you best describe the state of the industrial market in Southern Nevada? It’s very healthy. However, our perspective does differ from the larger, logistics-based developers and investors. Our tenants tend to be more granular, smaller, with lower credit. Our occupancy rate across our portfolio is around 97%, which is very favorable for return rates. We are seeing some pushback on rental increases from our tenants, but that hasn’t resulted in meaningful vacancies as of yet. That’s not to say that it may not happen in the future. As rents increase, some occupiers may start to get priced out of the market.

MCA Realty Acquires Industrial Asset in Las Vegas

MCA Realty Acquires Industrial Asset in Las Vegas 150 150 MCA Realty

MCA Realty has acquired Equus Business Center, a 357,608-square-foot multitenant industrial property in Las Vegas, in an off-market transaction for $42 million. MCA Realty plans to rebrand the property as Central Seven Commerce Center. The seller was a private investor. The property is located at 3400 Desert Inn, 3110–3230 Polaris Ave. and 3401 Sirius Ave. in Las Vegas. Located just over a mile from the Las Vegas Strip, a multitenant industrial property of this scale and caliber is a rare find, according to Tyler Mattox, principal at MCA Realty.

MCA Realty Acquires 350,000+ Square-Foot Multi-Tenant Industrial Asset in Las Vegas, Nevada for $42 Million

MCA Realty Acquires 350,000+ Square-Foot Multi-Tenant Industrial Asset in Las Vegas, Nevada for $42 Million 150 150 MCA Realty

MCA Realty, a full-service real estate investment and management company based in Orange County, California, has acquired Equus Business Center, a 357,608 square-foot multi-tenant industrial property in Las Vegas, Nevada in an off-market transaction for $42 million. MCA Realty plans to rebrand the property as Central Seven Commerce Center. Located just over a mile from the Las Vegas Strip, a multi-tenant industrial property of this scale and caliber is a rare find, according to Tyler Mattox, Principal at MCA Realty.

Real estate firm buys property west of the strip for $42M

Real estate firm buys property west of the strip for $42M 150 150 MCA Realty

A Southern California real estate firm bought a multi-building industrial property west of the Strip. MCA Realty announced Tuesday it purchased Equus Business Center for $42 million and plans to rename it Central Seven Commerce Center. The seven-building complex at Desert Inn Road and Polaris Avenue spans 357,608 square feet and is 89 percent occupied, featuring more than 170 tenants, according to the news release.

Auto Repair Chain Buys Moorpark Warehouse for $10 Million

Auto Repair Chain Buys Moorpark Warehouse for $10 Million 150 150 MCA Realty

A local tire shop chain has bought a nearly 70,000-square-foot industrial building in Moorpark for $10.2 million. Big Brand Tire and Service, an all-in-one auto repair operation, purchased the industrial site at 14401 Princeton Ave., according to a Blau Journal report. Big Brand Tire plans to relocate its corporate headquarters, which employs about 50 people, from Camarillo to Moorpark.

Big Brand Tire buys property in Moorpark

Big Brand Tire buys property in Moorpark 150 150 MCA Realty

[vc_row][vc_column][vc_column_text]Big Brand Tire and Service, a one-stop shop for tire and auto repairs, recently purchased a 70,000-square-foot industrial building at 14401 Princeton Ave. The move will bring 50 office workers to Moorpark. The tire wholesaler purchased the property from MCA Realty, an Orange County-based real estate investment company, for $10.23 million. The real estate firm had renovated the building’s interior offices, removed part of the building’s mezzanine space and added a truck court and loading dock to the property.

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