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MIG Real Estate Acquires Mission Viejo Industrial Park For $33.3M

Property Image
SOLD
$33,300,000
Zachary (Zach) Harman
Mike Adey
+ 4

California

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Industrial200,590 SF
Sold 11/07/2023
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Property Image
SOLD

MIG Real Estate Acquires Mission Viejo Industrial Park For $33.3M

23811 Via Fabricante & 23891 Via Fabricante

See Similar Deals
Industrial200,590 SF
Sold 11/07/2023
Zachary (Zach) Harman
Mike Adey
+ 4
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$166
Total Square Footage:200,590 SF
Transaction Type:Sale

Cushman & Wakefield has brokered the sale of Mission Viejo Business Center, a 100,295-square-foot industrial park located at 23811-23891 Via Fabricante in Mission Viejo, Orange County, California. The property was sold to MIG Real Estate for a total price of $33,300,000, resulting in a price per square foot of $332. The industrial park offers attractive value-add potential in a sought-after Orange County submarket, with convenient access to major highways and airports.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $33,300,000
  • Square Footage: 100,295
  • Address: 23811-23891 Via Fabricante, Mission Viejo, Orange County, California
  • Market: Mission Viejo

The buyer, MIG Real Estate, was represented by their founder, Greg Merage. The sale was facilitated by a team of brokers from Cushman & Wakefield, including Bryce Aberg, Jeff Chiate, Jeffrey Cole, Mike Adey, Rick Ellison, and Zachary Harman. This transaction highlights the strong demand for industrial properties in Orange County, particularly in Mission Viejo, and demonstrates the confidence of investors in the market.

Players

Bryce Aberg
18 deals$1.1B volume(858) 546-5462
BROKER

Mike Adey
Cushman & Wakefield
18 deals$1.3B volume
BROKER

Zachary (Zach) Harman
Cushman & Wakefield
8 deals$448.5M volume
BROKER

Jeff Chiate
Cushman & Wakefield
38 deals$2.7B volume
BROKER

Rick Ellison
Cushman & Wakefield
24 deals$1.4B volume
BROKER

Jeffrey (Jeff) Cole
Cushman & Wakefield
22 deals$1.9B volume
BROKER

Greg Merage
MIG Real Estate
6 deals$364.5M volume
BUYER

Details

SOLD
IMAGE: Greg Merage, Jeffrey Cole, Mike Adey, Jeff Chiate, Bryce Aberg, Rick Ellison & Zachary Harman DATE: 11/07/2023 ADDRESS: 23811-23891 Via Fabricante MARKET: Mission Viejo ASSET TYPE: Industrial BUYER: MIG Real Estate - Greg Merage BROKERS: Bryce Aberg (@BrycetAberg), Jeff Chiate (@JChiate), Jeffrey Cole (@JeffCole49), Mike Adey, Rick Ellison & Zachary Harman (@ZmHarman) - Cushman & Wakefield (@CushWake) SALE PRICE: $33,300,000 SF: 100,295 ~ PPSF: $332 NOTE: Cushman & Wakefield has brokered the sale of Mission Viejo Business Center, a 100,295-square-foot industrial park in Orange County, California, to MIG Real Estate. The property offers attractive value-add potential in a sought-after Orange County submarket, with convenient access to major highways and airports.

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Debt Service Coverage Ratio (DSCR)

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