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| Tyler Mattox |
Inland Empire, CA – MCA
Realty, a full service real estate investment and management company, has
acquired two multi-tenant industrial assets totaling more than half a million
square feet in the Inland Empire for a combined total of $36.8 million.
“The industrial market in
the Inland Empire is performing tremendously well, with extremely low vacancy
rates driving up both demand and rental rates for properties throughout the
area,” says Tyler Mattox, a
Principal at MCA Realty.
“This makes the timing of
these acquisitions extremely favorable.
We intend to exploit the potential in these assets, and expect them to
deliver long-term, stabilized cash flow.”
The property is located at
1600-2060 Chicago Avenue and 1614-1616 Marlborough Avenue in Riverside,
California.
Gary Stache, Anthony DeLorenzo, Michael Kendall, and
Darla Longo of CBRE assisted MCA
Realty in this transaction. Amos Smith of Walker & Dunlop arranged the
acquisition financing for MCA Realty with MidCap Financial.
MCA Realty also acquired a
91,326 square-foot, two-tenant industrial building in Temecula, California for
a total of $68.87 per square-foot. The building is located at 43350 Business
Park Drive in Temecula, California.
 |
| Darla Longo |
Scott Stewart
of CBRE and Gordon Mize of Lee &
Associates assisted MCA Realty in this transaction. Steve Hollister of NorthMarq arranged acquisition financing for MCA
Realty with Copper Point Mutual Insurance Company.
MCA Realty's principals, Tyler Mattox, Jared Gordon, and Peter
Cheng, have successfully navigated a full spectrum of market conditions,
and pride themselves on building and maintaining strong relationships with
industry partners. More information is available at www.mca-realty.com.
For a complete copy of the company’s news release,
please contact:
Lexi Astfalk
Account Executive
Brower, Miller & Cole
895 Dove Street, Third
Floor
Newport Beach, CA 92660
p: (949) 955-7940
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