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MCA Realty Divests Temecula Asset

Santa Ana-based MCA Realty sold Diaz Commerce Center, a 131,577 square-foot industrial asset in Temecula. The property at 27711 Diaz Rd. was sold to an unnamed local investor for $14 million.

MCA Realty’s Tyler Mattox says, “There continues to be strong demand for well located, quality industrial assets across the Inland Empire.”

MCA Realty initially acquired the property in September 2018 for $10 million. MCA subsequently implemented a series of improvements including the addition of LED lighting, updated asphalt, and increased the parking. The firm also added additional fenced yard space, which improved functionality.

Mattox adds, “We were able to lease the remaining vacancy in the property during escrow when we first acquired it, and significantly shorten our expected hold period. This increased the value of the asset more rapidly which allowed us to sell it for a reasonable profit two years later.”

Lee & Associates’ Barret Woods represented the buyer. Lee & Associates’ Scott Stewart represented the seller.

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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
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