By Meghan Hall
Investors are continuing to bet on the Puget Sound industrial market, with out-of-state buyers diving into the market. In a transaction that closed a week ago but just recently recorded, Santa Ana, Calif.-based MCA Realty purchased four industrial buildings in Tacoma, Wash., for $18,231,250 million. The seller, based on public records, was San Francisco-based Berkeley Partners.
The assets are located at 10107, 10029, 10109 and 10111 South Tacoma Way. The buildings were constructed in the late 1970s and early 1980s, based on public data.
10111 S. Tacoma Way is a single story, 28,850 square foot masonry building, according to the Pierce County Assessor-Treasurer. 10107 totals 22,364 square feet and is classified for industrial flex mall uses, while 10029 S. Tacoma Way includes a 23,488 square foot building. 10109 South Tacoma Way’s building totals 19,900 square feet. In all, the buildings sit on nearly 7.5 acres.
The buildings are part of the Lakewood Business Park, a light industrial complex. The buildings are all tilt-up construction, according to Berkeley Partners’ website.
MCA Realty is a full-service real estate investment firm that specializes in the acquisition, operation and management of commercial properties, including industrial. According to its website, the firm focuses on the Western United States, with its portfolio mainly concentrated in markets in California and Nevada. Currently, MCA Realty has 24 properties in Nevada, 21 in California, and one in Arizona and Texas, respectively. Its recent purchase of the Lakewood Business Park marks its first foray into Washington State.
