Updated May 12, 2025
BLT Enterprises Acquires Industrial Property In Costa Mesa, CA For $23.25M
3539 Howard Way, Costa Mesa, California, USA
$17,000,000
$1,237/SF
Building Size
13,741 SF
Asset Type
Industrial
Closing
Dec 7, 2021
About this deal
AI
The industrial property located at 3539 Howard Way in Costa Mesa, CA, was sold for $23,250,000. The asset spans 131,551 square feet, resulting in a price per square foot of $177.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $23,250,000
- Buyer: BLT Enterprises - Robert Solomon & Lukas Huberman
- Seller: Fortress Investment Group - David Hammerman
- Brokers: Brad McCoy, Conor Halloran & David Wilson - Lee West LA
The transaction involved key players including Robert Solomon and Lukas Huberman from BLT Enterprises, acting as the buyers, and David Hammerman representing Fortress Investment Group as the seller. The brokerage team from Lee West LA included Brad McCoy, Conor Halloran, and David Wilson, highlighting their role in facilitating the deal.
On the Map
$17,000,000
$1,237/SF
Industrial
View full map
Players
Costa Mesa Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit David Hammerman to view all their deals.
Browse California industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93