Investment Strategies for Multi-Tenant Industrial

Mattox: “It was a little messy, but it’s better for us if we have a problem to work through.”

IRVINE, CA—Value-add opportunities are ideal for multi-tenant industrial properties, which are extremely expensive to build and difficult to entitle ground-up, MCA Realty principal Tyler Mattox tells GlobeSt.com. As we recently reported, the firm acquired Walnut Business Park, a 92,056-square-foot value-add multi-tenant industrial business park in the northern submarket of Las Vegas, for $5.1 million—at a significant discount to its replacement cost—and plans to strategically reposition the asset to create long-term value, according to Mattox. MCA also recently sold approximately $8 million in industrial units in the same area. We spoke exclusively with Mattox about the recent Las Vegas deals, its investment strategy moving forward and where he sees the most growth potential as we close out 2016 and move into the new year.

GlobeSt.com: Your company recently acquired Walnut Business Park and sold several industrial units in Las Vegas, can you tell us a little bit about each of these deals?