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SoCal Investor Claims Carlsbad Golf Manufacturing Facility
Santa Monica, CA-based BLT Enterprises acquired a 166,310-square-foot industrial facility in San Diego’s Carlsbad submarket for $38.25 million. The manufacturing facility at 2819 Loker Ave. is fully leased to a global leader in golf equipment and apparel.
BLT Enterprises’ Bernard Huberman says, “This was a rare opportunity to invest in a Class A industrial property with a major credit tenant in place, representing a tremendous long-term value proposition. The acquisition is well-aligned with our ongoing platform, which is to make strategic investments that deliver value over long hold periods.”
The off-market deal was handled by SD Realty Partners’ Ron Jacobson, who represented the buyer. Cushman & Wakefield’s Aric Starck represented the seller, HGREIT II 2819 LOKER LP.
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