MEDIA
M.C. Strauss Grows Local Portfolio with Carlsbad Acquisition
San Diego-based M.C. Strauss Co. has completed the purchase of the Carlsbad Executive Plaza…
SDBJ MCS Company Profile
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Fisher's House Lease
JULY 6, 2022
A Mexico-City based seafood chain with over two dozen locations, Fisher’s Seafood House, will soon open its first United States location in San Diego. Fisher’s house will take up the 8,700 square foot former Roma Urban Market space at 555 West Beech Street.
M.C. Strauss Company Acquires 88,522 SQFT Office Building in San Diego for $22.8MM
JULY 6, 2022
Cushman & Wakefield announced the firm has brokered the sale of Lomas Pacific I & II, a classic suburban office park totaling 88,522 square feet in San Diego, California. The two-building, multi-tenant campus is located at 9619 Chesapeake Dr & 9444 Farnham St in the Kearny Mesa submarket. San Diego-based M.C. Strauss Company acquired the asset from Brixton Capital for $22.8 million ($257 per square foot).
Edgewood
M. C. Strauss Company completed the sale of Edgewood Center, a 155,293sf shopping center located in Azusa, CA. Key tenants at the property include Rite Aid, Dollar Tree, Family Dollar, Sketchers and Cycle Gear. The property was purchased for $22,600,000 or $148 per square foot by a privately held real estate acquisition, development and management company based out of Los Angeles, CA. The property was originally purchased by MCS Edgewood Center LLC, a subsidiary of M.C. Strauss Company, for $9,725,000 or $62 per square foot in June of 2001. M.C. Strauss Company held this property for over 20 years prior to the disposition.
Promenade
JANUARY 9, 2022
M. C. Strauss Company completed the acquisition of Promenade at South Mountain, a 110,129sf multi-tenant office building in Phoenix, Arizona. The property was acquired for $16.6M or $150 per square foot. The seller was Alpine Regional Center, LLC.
Mission Village
JANUARY 13, 2022
M. C. Strauss Company completed the sale of Mission Village, a 54,817sf shopping center in Fresno, CA. The property was purchased for $12,210,000 or $222 per square foot by The Gilda A. Papazian Revocable Trust and the Kimberly R. Hudson Revocable Trust. The property was originally purchased by MCS Mission Village LLC, a subsidiary of M.C. Strauss Company for $8,050,000 or $152 per square foot in 2014.
Center Point
APRIL 14, 2022
M. C. Strauss Company completed the acquisition of Center Point, a 79,215sf, two building, Mission Valley office campus in San Diego, CA. The property was acquired for $17,961,000. The seller, City Group, is a real estate company based out of Long Beach, California.
Post Office
JULY 6, 2022
M. C. Strauss Company JUST SOLD a single tenant leased investment (USPS) in the heart of downtown Escondido. The sale price was $4,300,000 ($512/sf). The property is an outparcel to a grocery anchored shopping center. The sale of this property was uniquely challenging as we navigated a parcel split at the onset of the pandemic. Proud of our team for completing the parcel split, and completing the sale in-house