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| 3250 Business Park Drive, Vista, CA |
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| 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.”
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| 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.”
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| Aric Starck |
“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.
CONTACTS:
Lisa James/ Jenn Quader
Brower Group
(949) 955- 7940
