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| Quaker Sales & Distribution, Inc. Industrial Building, 2100 Eastman Avenue, Oxnard, CA |
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| Bernard Huberman |
OXNARD, CA – BLT
Enterprises, a multi-faceted real estate investment company, has sold a 91,950
square-foot industrial building in Oxnard, California for $11.75 million. The
building is currently 100-percent occupied by Quaker Sales & Distribution,
Inc., one of the world’s leading food and beverage companies.
“We have been a long-term
owner in Oxnard and throughout Ventura County for more than three decades,”
explains Bernard Huberman, Founder
and President of BLT Enterprises. “The sale of this property demonstrates our
continued strategy to shift our focus and diversify our portfolio to high
growth markets in Orange, Los Angeles and San Diego counties.”
Huberman explains that BLT
initially acquired the industrial building in 2001, and during its 15-year hold
period, was able to significantly increase the value of the property.
“Our strategy has and
always will be long-term holds,” says Huberman. “Throughout our ownership of
this property, we were able to create a steady stream of income and drive
long-term value through a series of capital improvements and strategic leasing.
This resulted in strong investor interest in the current market, which allowed
us to sell the property for a premium price.”
Quaker Sales & Distribution,
a wholly owned subsidiary of PepsiCo., Inc. has occupied the building since
2012.
For a complete copy of the company’s news release,
please contact:
Lexi Astfalk/Jenn Quader
Brower, Miller & Cole
(949) 955-7940
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