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Fife Business Center, a 65,342 square-foot, two-building industrial park in the greater Puget Sound metro submarket of Fife, WA |
ORANGE
COUNTY, CA – MCA Realty, a full-service real estate investment and
management company based in Orange County, California, has announced the recent
acquisitions of three assets: one in Fife, Washington and two in Las Vegas,
Nevada for a total consideration of $16 million.
The
three assets were acquired through the firm’s fund, ‘MCA Realty Industrial
Growth Fund, LP’ [MCA], which met its target of $50 million in equity
commitments within just three months, according to Tyler Mattox,
Principal at MCA Realty.
MCA
continues to be bullish in the industrial sector, targeting value-add
industrial assets throughout the western U.S. and strengthening their portfolio
with these sixth, seventh, and eighth additions to its fund.
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Tyler Mattox
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The
acquisitions include two existing industrial properties and one parcel of
vacant land where the firm plans to develop two single-tenant industrial
buildings.
Mattox
notes that industrial net absorption nationally totaled more than 120
million square feet in Q3, a 135% increase over the same period last year.
The
three recent acquisitions include:
MCA
Realty has acquired Fife Business Center, a 65,342 square-foot,
two-building industrial park in the greater Puget Sound metro submarket of
Fife, Washington, for $10.4 million in an off-market transaction.
This
asset is the firm’s third acquisition in Washington and is located at 4624 and
4630 16th Street in East Fife, Washington.
Joel
Jones and
Nick Ratzke with Neil Walter Company represented MCA Realty as the buyer in
the transaction.
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Windy Road Warehouses, Las Vegas, NV
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MCA acquired Windy Road Warehouses, a 19,901 square-foot, seven-building
industrial project in Las Vegas, for $3.45 million in an off-market
transaction.
The
asset is located at 6460, 6466, 6472, 6478 Windy Road in Las Vegas, Nevada. Kevin
Higgins and Sean Zaher at CBRE represented both parties in the
transaction.
MCA
Realty has also acquired 3.68 acres of land in Las Vegas, Nevada for $2.24
million.
Dan Doherty, Jerry Doty, Chris Lane and
Paul Sweetland with Colliers International represented both parties in the
transaction.
Contacts:
Tess
Hezlep / Katie Haga
The Smart Agency, Inc.
(949)
438-6262
thezlep@thesmartagency.com
www.mca-realty.com.