MCA Realty sells 42,750-SF multi-tenant industrial park in Orange, CA for $13.5 million after buying it for $9.45 million in 2021

 

Tyler Mattox

Orange, CA, Jan. 25, 2023 – MCA Realty, a full-service real estate investment and management company based in Orange County, California, announces the sale of Struck Business Park, a 42,750-square-foot two-building industrial park located at 1523 and 1547 West Struck Avenue in Orange, California for $13.5 million to a private investor.

Struck Business Park, Orange, CA

MCA Realty acquired the business park for $9.45 million in August 2021.  This transaction marks the second disposition in the firm’s $50 million Industrial Growth Fund.

Michael Hefner

“Through our value-add business plan we were able to increase rents materially across the rent roll which in turn increased the value of the property,” says Tyler Mattox, Principal at MCA Realty. 

 “We implemented a capital improvement program by upgrading the exterior with paint, asphalt, fencing, landscaping and monument signage.  Interior improvements to select units were also made.”

Mattox went on to say,  “As MCA Realty grows, the firm continues to deploy the remaining capital within its $50 million Industrial Growth Fund and plans to raise a second fund in the near future.”

Hayden Socci

Built in 1976, Struck Business Park is located in the North Orange County submarket, just minutes from the SR 57 and I-5 Freeways, providing convenient access to neighboring communities.  The property was 100 percent leased at the time of the sale.

Michael Hefner, Hayden Socci, and Tom Terry of Voit Real Estate Services represented MCA Realty in this transaction. The buyer was represented by Michael Vernick of Voit Real Estate Services.

About MCA Realty

Tom Terry

MCA Realty is a full-service real estate investment and management company specializing in commercial properties throughout the Western U.S.

 

The goal of the company is to identify real estate investment opportunities and execute value creation strategies that maximize returns to its investors.

 

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.

  

 CONTACT:

 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 

www.mca-realty.com.