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MCA Renovates, Sells Multi-Tenant Industrial Asset in North San Diego County
MCA Realty sold a 40,968 square-foot multi-tenant industrial asset in Escondido to San Diego-based Providence Capital Group for $8.25 million. MCA Realty acquired the property in November 2018 for $5.9 million and completed strategic interior and exterior renovations to increase the income profile of the asset.
The two building, 13-suite project at 2750 Auto Park Way was 80% occupied when MCA acquired it with in-place rents roughly 25% below market rates. MCA’s renovation program allowed them to increase in-place rents to market rates and lease-up vacant space.
MCA Realty’s Tyler Mattox says, “MCA’s focus is on identifying well-located properties with value-add potential, and then executing on our business plan to best position the asset. As a result, in a very short period of time we were able to attract a buyer looking for a stabilized multi-tenant industrial project with long-term growth potential, and realize a strong return on investment for our investors.”
Colliers International’s Evan McDonald represented the buyer. Colliers International’s Tucker Hohenstein, Michael Kendall and Connor Boyle advised the seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition



