BLT Enterprises, a multifaceted real estate investment company with $2 billion in investments over its history, has acquired a 19.4-acre industrial site near the Carlsbad Research Center in Carlsbad, Calif. The property contains two existing manufacturing facilities and offers the potential for future development, according to Lukas Huberman, vice president and director of acquisitions at BLT Enterprises.
“This acquisition represents a rare opportunity to secure a sizeable land parcel in coastal North County San Diego,” said Huberman. “As one of our largest land purchases in recent years, it reflects our long-term investment strategy and continued conviction in the strength of this submarket.”
The transaction is structured as a three-year sale-leaseback as part of a 1031 exchange for a long-standing Carlsbad-based clinical diagnostics and life sciences company. The leaseback provides stable cash flow while BLT evaluates long-term opportunities for the parcel, i
