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5/15/23
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A group of local Hyundai dealerships inked a five-year lease agreement for a 3.11-acre industrial site in Costa Mesa. The property, located at 3539 Howard Way, includes a 12.6k sf foot truck and automotive maintenance facility and office building.
The group includes Hyundai of Huntington Beach, Hyundai of Anaheim, and Hyundai of Garden Grove. The tenants will use the property as a reconditioning, repair, and storage facility for its fleet of new and used vehicles.
The fully secured property is improved with an industrial building which includes offices and a 10k sf state-of-the-art truck and automobile maintenance facility. The 18-foot ceiling height facility has seven grade-level doors with three drive-thru bays and one wash bay.
Located only 10 minutes from John Wayne Airport and less than 30 minutes from the Long Beach Airport and Port of Long Beach, the property is ideally positioned with immediate access to Interstate 405 and State Route 55. The property is owned by BLT Enterprises, who acquired the asset late last year.
BLT Enterprises was represented in the leasing transaction by Jace Gan and Clyde Stauff with Colliers. The lease value was not disclosed.
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