{"id":1004183524,"date":"2017-07-11T08:36:50","date_gmt":"2017-07-11T16:36:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004183524"},"modified":"2022-12-08T08:21:03","modified_gmt":"2022-12-08T16:21:03","slug":"mca-realty-completes-sale-of-88-ksf-retail-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mca-realty-completes-sale-of-88-ksf-retail-project\/","title":{"rendered":"MCA Realty Completes Sale of 88 KSF Retail Project"},"content":{"rendered":"<p>By Ariela Moraru<\/p>\n<div id=\"attachment_1004183528\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/154-E.-Warner-Santa-Ana-Calif..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004183528\" data-attachment-id=\"1004183528\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/mca-realty-completes-sale-of-88-ksf-retail-project\/154-e-warner-santa-ana-calif\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/154-E.-Warner-Santa-Ana-Calif..jpg\" data-orig-size=\"1024,768\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon PowerShot S330&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1453288529&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;5.40625&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0.01&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"154 E. Warner, Santa Ana, Calif.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;154 E. Warner, Santa Ana, Calif.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/154-E.-Warner-Santa-Ana-Calif..jpg?w=1024\" class=\"wp-image-1004183528 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/154-E.-Warner-Santa-Ana-Calif..jpg\" alt=\"154 E. Warner, Santa Ana, Calif.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/154-E.-Warner-Santa-Ana-Calif..jpg 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/154-E.-Warner-Santa-Ana-Calif..jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/154-E.-Warner-Santa-Ana-Calif..jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004183528\" class=\"wp-caption-text\">154 E. Warner, Santa Ana, Calif.<\/p><\/div>\n<p>MCA Realty has sold the final building in the Brookhollow Freeway Showroom Center in Santa Ana, Calif., to WTW Properties LLC for $3.3 million. The facility is part of an 87,609-square-foot multi-tenant retail\/showroom project made up of four separate buildings alongside one of Orange County\u2019s busiest freeways.<\/p>\n<p>Joe Winkelmann, Nick Velasquez and Michael Hartel of Colliers International represented MCA Realty. Ryan Swanson and Chris Conway of Lee &amp; Associates represented the buyer.<\/p>\n<h2>Comprehensive capital improvements<\/h2>\n<p>Located at 154 E. Warner, the 13,072 square-foot retail showroom is currently occupied by Wine Exchange. MCA Realty initially purchased the property in 2013 for $9.5 million and implemented a comprehensive capital improvement plan, including interior and exterior improvements, updates to the fa\u00e7ade and a renovated landscaping scheme. MCA sold the other three buildings for a combined total of $16.8 million in 2015.<\/p>\n<p><em>\u201cWe were able to create significant value by renovating this asset and subdividing the parcel to allow us the ability to sell each building individually,\u201d<\/em> said MCA Realty Principal Tyler Mattox in prepared remarks. <em>\u201cThe Orange County market is characterized by exceptional demographics, strong demand and a limited amount of new supply, which continues to place upward pressure on rental rates and property values. We capitalized on this dynamic to achieve strong rates of return for our capital partners.\u201d\u00a0\u00a0<\/em><\/p>\n<p>ValueRock Realty Partners has recently added to the <a href=\"https:\/\/www.commercialsearch.com\/news\/50m-oc-project-wraps-up-retail-component-marriott-underway\/\">Orange County retail inventory<\/a> with the completion of the retail component of Lake Forest Gateway Center, a mixed-use redevelopment in Lake Forest, Calif.\u00a0<\/p>\n<p><em>Image courtesy of MCA Realty <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company has sold the final building in the Brookhollow Freeway Showroom Center in Santa Ana, Calif., a 13,072 square-foot retail showroom currently occupied by Wine Exchange.<\/p>\n","protected":false},"author":960,"featured_media":1004183528,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,34267,21749,15],"tags":[36351,32763,32762,34037],"class_list":["post-1004183524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-orange-county","category-retail","category-west","tag-capital-improvement","tag-colliers-international","tag-lee-associates","tag-mca-realty"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>MCA Realty Completes Sale of 88 KSF Retail Project - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/mca-realty-completes-sale-of-88-ksf-retail-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MCA Realty Completes Sale of 88 KSF Retail Project\" \/>\n<meta property=\"og:description\" content=\"The company has sold the final building in the Brookhollow Freeway Showroom Center in Santa Ana, Calif., a 13,072 square-foot retail showroom currently occupied by Wine Exchange.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mca-realty-completes-sale-of-88-ksf-retail-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-11T16:36:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T16:21:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/154-E.-Warner-Santa-Ana-Calif..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ariela Moraru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mca-realty-completes-sale-of-88-ksf-retail-project\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mca-realty-completes-sale-of-88-ksf-retail-project\\\/\"},\"author\":{\"name\":\"Ariela Moraru\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/411d261c513cee4c8ccbfb27f5380e0b\"},\"headline\":\"MCA Realty Completes Sale of 88 KSF Retail Project\",\"datePublished\":\"2017-07-11T16:36:50+00:00\",\"dateModified\":\"2022-12-08T16:21:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mca-realty-completes-sale-of-88-ksf-retail-project\\\/\"},\"wordCount\":272,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mca-realty-completes-sale-of-88-ksf-retail-project\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/07\\\/154-E.-Warner-Santa-Ana-Calif..jpg\",\"keywords\":[\"Capital improvement\",\"Colliers International\",\"Lee &amp; 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