BLT Enterprises Acquires 2470 Faraday Avenue Industrial Facility In Carlsbad For $22.1M

The transaction involves the sale-leaseback of a 19.4-acre industrial R&D and manufacturing facility located at 2470 Faraday Avenue in Carlsbad, Calif. The facility measures 127,200 square feet and has been sold to BLT Enterprises for $22,100,000, translating to $174 per square foot.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $22,100,000
• Address: 2470 Faraday Avenue
• Market: Carlsbad
• Acres: 19.4
• Square Feet: 127,200
• Price Per Square Foot: $174
• Buyer: Daniel Rosenthal - BLT Enterprises
• Brokerage Firm: CBRE
• Brokers Involved: Hunter Rowe, Matt Carlson, Michael Longo, Eric Cox, Barbara Perrier, Joe Cesta, Brian Russell

The seller, identified as a global science and technology company, will lease back the specialized lab, R&D, manufacturing, and distribution facility. This arrangement allows BLT Enterprises to maintain flexibility for future development at one of San Diego County’s remaining infill industrial sites situated in a land-constrained coastal market.