July 2024
In a Las Vegas industrial buy, BLT Enterprises has acquired an 88.5k sf warehouse on 8.41 acres near the junction of the I-15 and 592, just two miles from the Las Vegas Strip. As part of the deal, the property was leased back for a term of one year to the seller, Fortune 500 food and beverage company PepsiCo.
Once the lease term ends, BLT plans to upgrade the property, located at 3131 Polaris Ave, with several enhancements for a future tenant. The infill location and low coverage makes it an ideal warehouse hub for servicing the multitude of businesses located on and around the Strip. BLT’s planned value-add improvements include upgrading onsite power and refurbishing the parking lot, which will maximize the opportunity for outdoor storage.
