SALT LAKE CITY — MCA Realty, Inc. a full-service real estate investment company based in Orange County, California, announces the acquisition of three multi-tenant industrial buildings totaling 77,944 square feet located at 515, 537 and 539 Pickett Circle in Salt Lake City, Utah. The firm acquired the buildings in an off-market transaction from a private investor.
MCA Realty plans to invest in a comprehensive series of capital improvements, including refreshed paint, upgraded landscaping, enhanced parking areas, and modernized signage. Travis Healey and Tom Freeman of Colliers represented MCA Realty and the seller in this transaction. The pair have been retained to oversee leasing at the property. The three buildings have a total of 24 units with an average suite size of 3,000 square feet.
“This acquisition underscores our strong conviction in the long‑term strength of the Salt Lake City industrial market, which continues to demonstrate solid fundamentals with vacancy at just 3.3 percent for buildings under 100,000 square feet,” said Tyler Mattox, Principal at MCA Realty. “Its strategic location along the I‑15 corridor, rental upside, and highly functional unit layouts makes these buildings an ideal addition to our portfolio. We believe the Salt Lake City region is poised for sustained industrial demand and broader economic growth.”
Built between 1998-2005, 515 Pickett Circle (24,356 square feet), 537 Pickett Circle (43,544 square feet) and 539 Pickett Circle (10,044 square feet) offer 20-foot clear height, and 24 total grade level doors. The buildings deliver exceptional access to I-80, I-15, and I-215, positioning tenants for efficient local and regional distribution within the region.
About MCA Realty
MCA Realty, Inc. is a full-service real estate investment and management company specializing in the acquisition and management of multi-tenant industrial properties throughout the Western U.S. The goal of MCA Realty is to invest in real estate assets that require renovation, active management and fresh capital to unlock asset value.
MCA Realty’s principals, Tyler Mattox, Jared Gordon, and Peter Cheng have successfully navigated a full spectrum of market conditions, and pride themselves on building and maintaining strong relationships with industry partners. More information is available at www.mca-realty.com.