The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 20, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Exchange Investor Struck $13.5 Mil Deal for OC Biz Park


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.

Return to the Archive page




Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media