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October 3, 2023
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ORANGE COUNTY NEWS
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OC Biz Campus Trades for $315/sf

1/31/23

A private investor paid $13.5 mil for Struck Business Park, a 42.8k sf ($315/sf), two-building industrial park located at 1523 and 1547 West Struck Ave in the City of Orange.

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% leased at the time of the sale.

Struck Business Park was sold by MCA Realty, who acquired the asset for $9.45 mil ($221/sf) in August 2021. This transaction marks the second disposition in the firmís $50 mil Industrial Growth Fund.

During its ownership, MCA implemented a capital improvement program that included upgrading the exterior with paint, asphalt, fencing, landscaping and monument signage. Interior improvements to select units were also made.

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





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