BLT Enterprises, a real estate investment company, has successfully leased its recently acquired 3.11-acre industrial site in Costa Mesa to a group of local Hyundai dealerships for five years. The property includes a 12,588 square foot truck and automotive maintenance facility and office building that can be used entirely by the tenant.
Lukas Huberman, VP and director of acquisitions at BLT Enterprises commented: “When we purchased this property late last year we knew the key feature would be its low coverage and highly functional maintenance facility.” The dealership group – which comprises Hyundai of Huntington Beach, Hyundai of Anaheim and Hyundai of Garden Grove – will use it as reconditioning repair center as well as storage for their fleet vehicles. Colliers represented BLT Enterprises in the lease with Jace Gan & Clyde Stauff leading negotiations on behalf their client.
