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California  + Los Angeles  + Industrial  | 

MCA Acquires 137K-SF Value-Add Industrial Asset in Moorpark

MCA Realty acquired a 137,465-square-foot, value-add industrial property in the Ventura County submarket of Moorpark, CA. The property was obtained from an undisclosed seller.

The industrial complex is comprised of two buildings: 14399 Princeton Ave., a 45,916-square-foot industrial building which is 100% leased to Turbonetics Holdings Inc.; and 14401 Princeton Ave. (pictured), a 91,549-square-foot industrial and office building.

MCA sold 14399 Princeton Avenue within a few weeks of closing escrow on the property to VZD Industrial Investments LLC for $6.13 million. MCA’s Tyler Mattox says, “We felt that by acquiring the buildings together we could monetize the leased asset at 14399 Princeton based on its high-quality tenant, and focus on repositioning 14401 Princeton Ave.”

NKF’s Robert Griffith and Rick Sheckter and CBRE’s Bennett Robinson and Robert Valenziano assisted on the 14399 Princeton transaction.

14401 Princeton Avenue is currently vacant and will undergo a space reconfiguration, as well as other improvements.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition