MCA Realty, Inc. acquired a 224,700-square-foot multi-tenant industrial building with an additional 5.54 acres of land located at 41995 Zevo Dr. in Temecula. The firm acquired the property from a private investor with its MCA Realty Industrial Growth Fund II. Terms were not disclosed.
The new ownership will rebrand the property and make significant exterior and interior improvements. It also plans to pursue strategies to maximize the value of the excess land. Scott Stewart of Lee and Associates has been retained to oversee leasing.
“We acquired this project for its attractive going-in yield, excess land and significant upside,” said Tyler Mattox, principal at MCA Realty. “Furthermore, Temecula has emerged as a dynamic and rapidly growing submarket within Southern California, attracting a diverse mix of industries ranging from advanced manufacturing to logistics and distribution due to its strategic location along key transportation corridors.”
Cushman and Wakefield’s Industrial Advisory Group led by Jeff Chiate and Bryce Aberg represented both MCA Realty and the seller.
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