June 27, 2016 Comments Off on BLT Completes $12.6M Acquisition in San Diego Views: 345 California, California News, San Diego, West

BLT Completes $12.6M Acquisition in San Diego

Santa Monica, CA-based BLT Enterprises acquired Sorrento Tech II, a two-building, 63,333-square-foot office and R&D campus located in the Sorrento Mesa, CA submarket of San Diego for $12.6 million.

The property, located at 10140 and 10180 Barnes Canyon Rd., was renovated in 2014 and is 87% leased to two large tenants.

BLT’s Bernard Huberman says, “This business park offers increased value through our ability to lease the final 8,000 square-foot space, as well as utilizing our in-house management team to ensure this property continues to offer high quality space in a strong submarket.”

Madison Partners’ Ron Jacobson represented BLT in the transaction. NGKF Capital Markets’ Sean Fulp and Brunson Howard represented the unnamed seller.

Connect with BLT Enterprises Huberman

Connect with Madison Partners’ Jacobson

Connect with NGKF’s Fulp

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