June 6, 2017 Comments Off on BLT Completes $9M Carlsbad Industrial Sale-Leaseback Views: 651 California News, San Diego

BLT Completes $9M Carlsbad Industrial Sale-Leaseback

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Santa Monica, CA-based BLT Enterprises acquired a 60,000-square-foot industrial building in Carlsbad, CA from El Cedro, LLC for $9 million. El Cedro leased-back the entire property, located at 5940 Darwin Ct., for three years.

“We see an opportunity to make significant improvements to this property to drive tenant demand and capture competitive rental rates as the lease rolls,” says BLT Enterprises’ Bernard Huberman. “Until such time, the sale-leaseback structure allows us to enjoy stabilized cash flow as we plan the property upgrades.”

Located in the premier Carlsbad Research Center, the property is adjacent to McClellan-Palomar Airport, and features 26-foot warehouse clear heights, 180 parking spaces and a secured gated loading area.

SD Realty Partners’ Ron Jacobson represented BLT Enterprises. Palomar Commercial’s David Steffy represented El Cedro, LLC.

Connect With BLT Enterprises’ Huberman

Connect With SD Realty Partners’ Jacobson

Connect With Palomar Commercial’s Steffy

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