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February 28, 2024
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SOUTHERN CALIFORNIA NEWS
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Exchange Investor Struck $13.5 Mil Deal for OC Biz Park

3/09/23

Struck Business Park, a 42.8k sf, two-building industrial project in the City of Orange, was acquired by an all-cash buyer in a 1031 Tax Deferred Exchange for $13.5 mil ($315/sf). The property is comprised of 16 industrial units ranging from 1.5k sf to 11.4k sf.

Located at 1523 and 1547 W. Struck Ave, east of the 57 Fwy off Katella Ave. The asset was sold by MCA Realty Inc, who acquired the property in August 2021 and then completed a full lease-up. MCA’s re-positioning efforts included significant capital improvements, such as a new paint scheme, landscape upgrades, asphalt repairs and a new signage program.

Mike Hefner, Hayden Socci and Tom Terry with Voit Capital Markets represented the buyer and the seller in this transaction, which closed at a capitalization rate of 4.17% on the first year projected net income.





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