BLT Enterprises has completed the off-market $4.75-million sale of a Central Los Angeles industrial warehouse to its long-time tenant, Expo Flooring. The transaction completes a multi-property investment cycle, as the asset was once part of a contiguous group of industrial properties owned by BLT Enterprises.
“Expo Flooring is demonstrative of a true growth story,” said Lukas Huberman, VP of acquisitions at BLT Enterprises. “It was started by a first-generation immigrant who has grown the firm into a multi-million-dollar company. The company has been a tenant at the property since 2016, and now was the right time for them to acquire a high-quality asset in a prime location that was aligned with their long-term business goals.”
Located at 1933 Alameda St. in Los Angeles, the 15,836-square-foot Expo Flooring warehouse sits on 23,295 square feet of land. Throughout its 18-year ownership, BLT implemented a series of improvements to the property.
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