MCA Acquires Two-State Industrial Portfolio for $14M

Orange County-based MCA Realty has purchased a small-bay industrial trio in Sacramento, CA and multi-tenant industrial property in West Valley City, UT for a total price of $13.8 million.  The assets are the firms ninth and tenth acquisitions since deploying the MCA Realty Industrial Growth Fund, LP.

The Sacramento properties comprise a total of 83,000 square feet and are 100% occupied. “We have identified Sacramento as a market with tremendous growth opportunity given its low vacancy of 2.6%, well below the national average,” said MCA Principal Tyler Mattox.

The Utah property is 18,000 square feet and located in an infill industrial park. It is also 100% occupied with a waiting list. “We have targeted the Salt Lake area as a desirable location for expanding our industrial footprint,” commented Mattox. “The Market has been experiencing increasing population, strong rent growth, a 2.2% vacancy rate and high tenant demand.”