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December 18, 2018
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BLT Enterprises Buys 222k sf Corp HQ Facility in Vista

12/04/18

In North San Diego County, BLT Enterprises paid $31.5 mil for a 221.7k sf ($142/sf), corporate headquarters-quality industrial manufacturing and warehousing facility. The property is located at 3250 Business Park Dr, just north of San Marcos Blvd and southwest of Hwy 78 in Vista.

“3250 Business Park Drive is one of the most coveted business addresses in North County. It is also the area’s only corporate headquarters-quality industrial manufacturing and warehousing facility over 200k sf,” says Bernard Huberman, Founder and President of BLT Enterprises. “This was an exceptionally rare opportunity to acquire a premier asset of this scale in one of the nation’s top-performing industrial markets.”

The building is currently 100% occupied by DENSO Wireless Systems America Inc, a leading supplier of advanced automotive technology, systems and components, and also the seller in this deal. DENSO built the high-tech, industrial building in 1997. It is located in close proximity to the SR-78, I-5 and I-15 freeways and is within walking distance of some of the area’s premier retail and dining establishments and residential communities.

The facility’s 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. 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 property is comprised of 16 acres of land, 30% of which is occupied by the facility itself. Most of the remaining land is being used as a yard and vehicle parking area. However, there is a 3.7-acre parcel that is currently unpaved, offering the opportunity to either add more parking and increase that ratio to 5:1,000, or develop the parcel, which is flexibly zoned to accommodate a variety of industrial and R&D uses.

Ron Jacobsen of SD Realty Partners represented BLT Enterprises in the purchase. Aric Starck of Cushman & Wakefield repped DENSO Wireless Systems America.




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