BLT Enterprises secures 10-year lease with Cintas on Pico Rivera, CA industrial outdoor storage site adjacent to existing Cintas facility

Lukas Huberman

 PICO RIVERA, CA – BLT Enterprises, a multi-faceted real estate investment company with a track record of success, leased its recently acquired 37,026 square foot industrial outdoor storage property in Pico Rivera, California, a sub-market of Los Angeles, which includes a 10,200 square foot warehouse.

“This new lease highlights BLT’s ability to quickly execute our business strategy following a unique buying opportunity,” says Lukas Huberman, Vice President and Director of Acquisitions.

“Outdoor storage in the Los Angeles County industrial corridor is a premium amenity. The site’s 28% coverage made it highly desirable for fleet vehicle storage, as well as additional warehouse space for the incoming tenant.”

BLT secured a 10-year lease with Cintas Uniform Rental, which also operates out of a directly adjacent commercial property on Paramount Boulevard. Cintas was especially interested in the site given the ample storage space for its delivery vehicle fleet.

 A 10,200 square foot warehouse.leased at
7748 Industry Avenue, Pico Rivera, CA

Prior to tenant occupancy, BLT implemented value-add improvements to the property with a new roof, updated HVAC system, new asphalt on the entire lot, and repainted the building interior and exterior.

The building includes over 8,000 square feet of warehouse space and 2,000 square feet of office space. The warehouse has two loading docks, as well as one drive in entrance and a 15-foot ceiling height. The site is fully fenced and secured with a gated entrance.

7748 Industry Avenue is a prime example of BLT’s investment strategy of acquiring well located assets that meet the escalating transportation and logistics demands throughout Southern California, notes Rob Solomon, President and Chief Legal Officer at BLT Enterprises.

Rob Solomon

“Since acquiring the property in September of 2022, we quickly executed our business plan to improve the asset and closed on the new lease despite increasing current market challenges,” continues Solomon.

“We understand the value of properties like 7748 Industry. The combination of warehouse, office, and extra yard space made this site highly desirable. Drawing on our deep-rooted knowledge of the Los Angeles market, we were able to negotiate a mutually beneficial agreement with the tenant and secure a long-term business relationship.”

BLT Enterprises was represented in the leasing transaction by Alexander Harroldand Brendan Phinney of Matthews Real Estate Investment Services.

 

Contacts:

 

Hanna Kokuashvili/Elisabeth Manville

The Smart Agency, Inc.

(949) 438-6262

hkokuashvili@thesmartagency.com