California + Orange County + Industrial | May 15, 2023

Real estate investment company BLT Enterprises has fully leased a Costa Mesa, CA industrial property a group of Hyundai dealerships

BLT Leases Costa Mesa Industrial to Hyundai Dealership Group

BLT Enterprises, a real estate investment company, has fully leased its recently acquired 3.11-acre industrial site in Costa Mesa, which includes a 12,588 square foot truck and automotive maintenance facility and office building. The tenant, a group of local Hyundai dealerships, entered into a five-year lease agreement to occupy the site.

“When we purchased this property late last year, we knew the key feature of this asset would be its low coverage and highly functional maintenance facility,” said Lukas Huberman, VP and director of acquisitions. “The entirety of the property can be used by the tenant.”

The dealership group, which includes Hyundai of Huntington Beach, Hyundai of Anaheim and Hyundai of Garden Grove, will use the property as a reconditioning, repair, and storage facility for its fleet of new and used vehicles. BLT Enterprises was represented in the lease by Jace Gan and Clyde Stauff with Colliers

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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