By Alex Ciorogar
BLT Enterprises has redesiged two SoCal properties into creative-office spaces. The first asset is a 4,680-square-foot music studio located at 1941 Pontius Ave., in Los Angeles. The repositioning includes state-of-the-art upgrades, such as exposed ceilings with new skylights, a new kitchen, custom steel doors and windows, as well as a refinished stucco and wood siding exterior. The office space now also has new restrooms, ADA compliant parking, ramps and secured gates.
According to BLT Enterprises, the submarket features a low office vacancy rate of roughly 12 percent. Retail, fitness and entertainment options are all located nearby. Interstate 405 is also easily accessible from the property.
“Creative office product is in high demand in Southern California markets and newly renovated space in this niche can deliver tremendous long-term value,” said Bernard Huberman, founder & CEO of BLT Enterprises, in a prepared statement. “By converting these two assets into creative space, we are leveraging current economic and job growth in both markets and bringing new product that is craved by companies in various sectors, including tech, health care, real estate and marketing.”
The firm has also transformed a 6,500-square-foot industrial space located at 10070 Barnes Canyon Road in the Sorrento Valley submarket of San Diego into a creative office space. The property features an open floor plan with three executive offices, a large conference room, an upgraded kitchen and outdoor patio.
“New projects and renovated buildings are driving most of the demand for creative office space in San Diego,” added Huberman. “Average asking rents have steadily increased since 2013. Based on our expertise in the market, we believe this renovated space will offer a prime opportunity for potential tenants in a rapid-growth office market.”
Photos courtesy of BLT Enterprises