Thursday, November 22, 2018

BLT Enterprises Acquires 221,660-SF Manufacturing Facility in North San Diego, CA for $31.15 Million

3250 Business Park Drive, Vista, CA

Bernard Huberman
VISTA CA -- BLT Enterprises, a multi-faceted commercial real estate development and investment company, has acquired a 221,660 square-foot corporate headquarters-quality industrial manufacturing and warehousing facility in the North San Diego submarket of Vista, California.

 The firm acquired the property for $31.15 million.

“3250 Business Park Drive is one of the most coveted business addresses in North County,"  says Bernard Huberman, Founder and President of BLT Enterprises.. 

”It is also the area’s only corporate headquarters-quality industrial manufacturing and warehousing facility over 200,000 square feet. This was an exceptionally rare opportunity to acquire a premier asset of this scale in one of the nation’s top-performing industrial markets.”

Ron Jacobson
Ron Jacobsen of SD Realty Partners represented BLT Enterprises as the buyer. Aric Starck of Cushman & Wakefield represented DENSO Wireless Systems America, Inc. as the seller in the transaction.

The building is currently 100-percent occupied by DENSO Wireless Systems America, Inc., a leading supplier of advanced automotive technology, systems and components, and also the seller in this transaction. DENSO built the building in 1997.

“The property was developed with high-technology industrial design characteristics,” says Huberman. “The exterior features cutting-edge modern architecture while the interior boasts extremely high-quality and fully upgraded manufacturing and warehouse space featuring 28’-30’ clear height, 12,000 amps of power, and a backup generator system, making this facility a unique find for a manufacturing tenant with high power needs.”

Aric Starck
The property also features unique design elements, including sculptured concrete and reflective glass, a stylish canopy entry and stunning two-story glass-clad lobby.

“The high-quality construction of this asset, coupled with its expansive size, exceptional visibility, and location in one of the most coveted industrial submarkets in San Diego County made this an especially attractive acquisition for us,” states Huberman, who notes that industrial vacancy throughout North County remains at a record low, closing out the end of Q3 2018 at 5.9 percent.


Lisa James/ Jenn Quader
Brower Group
(949) 955- 7940