California + Orange County + Industrial | November 16, 2023

MIG Real Estate Nabs Mission Viejo Industrial Park

MIG Real Estate LLC recently acquired Mission Viejo Business Center in Mission Viejo, California, a 100,295-square-foot, six-building industrial site, from a global investment advisor for $30.3 million. Jeff Chiate, Bryce Aberg, Jeffrey Cole, Rick Ellison, Mike Adey, and Zach Harman of Cushman & Wakefield’s National Industrial Advisory Group in Southern California represented the seller,

“This acquisition continues the firm’s strategic investment plan for small bay industrial assets in a high barrier of entry and low vacancy submarkets in sought-after irreplaceable locations with limited supply growth,” said Kevin Stiles, director of commercial investments for MIG Real Estate. “MIG Real Estate will continue to operate this property under its present use and will pursue opportunities for similar investments in Southern California as part of our ongoing investment strategy targeting Western and Southeastern U.S. and Sun Belt states.”

Built in 1975, Mission Viejo Business Center at 23811-23981Via Fabricante in Mission Viejo is centrally located near Interstates 5 and 405 and John Wayne Airport. The property is 99% leased to 43 tenants.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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