MCA Realty has announced the acquisition of a significant industrial facility in Temecula, California. The firm acquired a 224,700-square-foot multi-tenant building, along with an additional 5.54 acres of land, located at 41995 Zevo Drive. This property was purchased from a private investor as part of MCA Realty’s ongoing strategy to enhance its industrial portfolio in Southern California.
MCA Realty, based in Orange County, currently manages six industrial properties totaling approximately one million square feet in this region. The company plans to undertake extensive renovations, rebranding the property while implementing both exterior and interior improvements. Additionally, MCA Realty intends to explore various strategies to maximize the value of the excess land associated with the site.
Strategic Location and Growth Potential
Tyler Mattox, a principal at MCA Realty, highlighted the attractiveness of this acquisition, stating, “We acquired this project for its attractive going-in yield, excess land and significant upside.” He emphasized that Temecula has become a rapidly growing submarket within Southern California, drawing a diverse mix of industries including advanced manufacturing, logistics, and distribution, largely due to its strategic location near key transportation corridors.
Built in 1998, the property at 41995 Zevo Drive is well-positioned just minutes from the I-215 and I-15 freeways, offering convenient access to neighboring communities. The facility boasts 28-foot clear heights, 21 dock high loading doors, 4 grade level doors, and 3/1,000 square feet of parking, making it suitable for a variety of industrial uses.
Collaboration with Industry Experts
Cushman and Wakefield’s Industrial Advisory Group, led by Jeff Chiate and Bryce Aberg, represented both MCA Realty and the seller in this transaction. Their involvement reflects the competitive nature of the industrial real estate market in the area, where demand continues to rise.
MCA Realty’s acquisition of this facility marks a strategic step in its efforts to capitalize on the growing industrial sector in Southern California. As the demand for warehouse and distribution space increases, the firm is positioning itself to cater to a broader range of industries in a thriving market. This move not only enhances MCA Realty’s portfolio but also contributes to the ongoing development of the Temecula region.
In conclusion, the acquisition of the Temecula property signifies MCA Realty’s commitment to expanding its footprint in Southern California’s industrial landscape. With plans for significant renovations and strategic land use, the firm is poised to leverage the growth potential of this dynamic submarket.
