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MCA Realty Snags Auburn Business Park for $9M

MCA Realty Snags Auburn Business Park for $9M

Orange County, CA-based real estate investment and management company MCA Realty has acquired the Auburn Business Center, a 67,000-square-foot, five-building industrial park in Auburn, WA. The firm purchased the asset from a private investor for $9 million or $134-per-square-foot.

“After working for two years trying to acquire this property, we were finally able to close at pricing that is reflective of current market conditions,” said MCA Principal Tyler Mattox. “As MCA Realty grows, the firm continues to deploy the remaining capital within its $50 million industrial Growth Fund, and plan to raise a second fund in the near future.”

Located at 4040 Auburn Way North, the Auburn Business Center is situated just minutes from SR-167 and is currently 85% leased. MCA Realty plans to implement a capital improvement program which will include new paint, asphalt, roof and monument signage.

Jim Honan of Neil Walter Company represented MCA Realty in the transaction.


Inside The Story

MCA RealtyNeil Walter Company

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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