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MCA Expands SoCal Portfolio; Acquires First Property in San Diego County

MCA Expands SoCal Portfolio; Acquires First Property in San Diego County 150 150 MCA Realty

Orange County-based MCA Realty acquired a 40,990-square-foot multi-tenant industrial asset in Escondido, CA for $5.9 million. The property, at 2750 Auto Park Way, consists of two buildings with a total of 13 suites, two of which are vacant. MCA Realty plans to renovate the existing vacant space, as well as update individual suites as leases roll. The new owner has also planned some exterior aesthetic upgrades and increased identity signage. The property has strong street visibility, with 300 feet of frontage on W. Mission Road and 750 feet of frontage along Auto Park Way.

MCA Realty Enters San Diego Industrial Market

MCA Realty Enters San Diego Industrial Market 150 150 MCA Realty

The company purchased a two-building property that encompasses almost 41,000 square feet and revealed plans to renovate the existing vacant space. MCA Realty has expanded its Southern California presence with the acquisition of a 40,990-square-foot, multi-tenant industrial asset in Escondido. The firm acquired the two-building property for $5.9 million from a private investor. Colliers International assisted the buyer in the deal.

Las Vegas Office Investments See Healthy Appreciation

Las Vegas Office Investments See Healthy Appreciation 150 150 MCA Realty

Las Vegas office assets are seeing healthy appreciation. MCA Realty has sold a nearly 30,000-square-foot office asset in Henderson, a submarket of Las Vegas, for double the original sales price. MCA purchased the asset in 2016 and executed a renovation project to market the property to global call centers. The price appreciation in only two years shows the growth in the Las Vegas market. “The pricing appreciation has largely been a product of the reduction in the supply-demand imbalance in the office sector,” Tyler Mattox, principal at MCA Realty, tells GlobeSt.com. “Vacancy at quarters end was about 15%, and while this is still relatively high, it is about 50%  below vacancies from only a few years ago.  Further, Las Vegas has significant vacancy concentrated in some buildings and submarkets like the East and Central East that have significant functional obsolescence, so this dynamic skews the statistics a bit as well.”

MCA Realty Expands Southern California Portfolio

MCA Realty Expands Southern California Portfolio 150 150 MCA Realty

December 6, 2018 – MCA Realty, a full service real estate investment and management company based in Orange County, California, has acquired a 40,990 square-foot multi-tenant industrial asset in the North San Diego submarket of Escondido, California. The firm acquired the property for $5.9 million. “WE HAVE BEEN EXTREMELY ACTIVE IN MULTIPLE GEOGRAPHIES THROUGHOUT THE WESTERN REGION OVER THE LAST SEVERAL YEARS AND ARE NOW EXPANDING OUR PORTFOLIO INTO SAN DIEGO WITH THIS ACQUISITION AND ARE LOOKING TO ACQUIRE MORE ASSETS IN THE REGION OVER TIME,” EXPLAINS TYLER MATTOX, PRINCIPAL AT MCA REALTY.

MCA Realty Sells Gibson Tech Center for $6.98M

MCA Realty Sells Gibson Tech Center for $6.98M 150 150 MCA Realty

November 16, 2018 – MCA Realty, a full service real estate investment and management company based in Orange County, California, has sold Gibson Tech Center, a 29,988 square-foot office building in Henderson, Nevada for $6.98 million. The firm acquired the asset in late 2016 for $3.15 million, according to Tyler Mattox, Principal at MCA Realty.  

Nevada Office Property Trades for $7 Mil

Nevada Office Property Trades for $7 Mil 150 150 MCA Realty

A private investor paid $7 mil for Gibson Tech Center, a 30k sf office building in Henderson, NV. The asset, located at 168 North Gibson Rd, was sold by MCA Realty, who acquired the property in late 2016 for $3.15 mil. “We acquired Gibson Tech Center with a very specific business plan in-place,” explains Tyler Mattox, Principal at MCA Realty. “We recognized the abundant parking at the property as a strong amenity and unique characteristic within the marketplace. We decided to market the asset to call center operators and similar tenants with above average parking needs.”

MCA Realty Spends $26.5 Mil on Two Inland Empire Assets

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

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.

MCA Realty Acquires 117,191 SF Value-Add Retail Property in California for $16.5M

MCA Realty Acquires 117,191 SF Value-Add Retail Property in California for $16.5M 150 150 MCA Realty

MORENO VALLEY, CALIF. — MCA Realty has purchased a portion of Stoneridge Towne Centre, a retail center located in Moreno Valley, for $16.5 million. Totaling 117,191 square feet, the acquisition includes four multi-tenant buildings and two retail boxes located at 27110, 27120, 27130, 27140, 27190 and 27220 Eucalyptus Ave., as well as four developable pads totaling 5.24 acres. At the time of sale, the retail assets were 88 percent occupied, with Best Buy and West Elm currently occupying the two box spaces on short-term leases. Phil Voorhees, Jimmy Slusher, James Tyrrell and John Read of CBRE represented the buyer and undisclosed seller in the transaction.  

MCA Expands Portfolio With Pair of Properties

MCA Expands Portfolio With Pair of Properties 150 150 MCA Realty

Irvine, CA-based MCA Realty expanded its Inland Empire portfolio with the acquisition of two assets, a retail property in Moreno Valley and an industrial asset in Temecula, CA. The assets were acquired for a combined $26.5 million. The Moreno Valley acquisition includes four multi-tenant retail buildings and two retail boxes totaling 117,191 square feet, as well as four developable pads encompassing 5.24 acres at Stoneridge Towne Centre (pictured). The firm acquired the assets at 27110 to 27220 Eucalyptus Ave. for a combined total of $16.5 million.