Exclusive: PepsiCo Sells SoCal Facility

BLT Enterprises has acquired an 81,200-square-foot property in the Los Angeles submarket of San Fernando, Calif., for $31.7 million, according to Yardi Matrix data. PepsiCo sold the asset. As of publication, BLT Enterprises had yet to confirm to Commercial Property Executive whether this was a sale-leaseback deal. 

The shallow bay warehouse commanded $390.8 per square foot, significantly above the average 2025 figure registered across Los Angeles, which clocked in at $277.3, the same source shows.

Investors traded nearly $2.5 billion across industrial deals throughout the market last year, Yardi Matrix reveals. This marked a 20.1 percent decrease compared to 2024’s figure of approximately $3.1 billion. Additionally, the decline represents the third consecutive annual depreciation in a row since 2022’s record of $6 billion in sales.

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The 1986-built property features four grade-level doors and eight dock entrances. BLT’s newly purchased warehouse is at 1200 Arroyo St., about 22 miles northwest of downtown Los Angeles. Interstate 210 runs less than a mile away, while Interstate 5 is within roughly 3 miles.

Pepsi’s recent industrial deals

This isn’t the first time BLT and Pepsi shook hands on a deal. Two years ago, BLT acquired another 88,457-square-foot warehouse from Pepsi in Las Vegas. That asset sold for $16.3 million, Yardi Matrix shows. The 2024 agreement was a sale-leaseback deal, which involved the lease to Pepsi for one year, after which BLT planned to upgrade the warehouse and seek new tenancy.

Last year, PepsiCo sold approximately 1 million square feet of industrial space throughout the U.S., marking a 72.7 percent growth year-over-year, the same source shows. This increase in divestment arrived as the firm updated its long-term priorities, with changes including refocused efforts in key packaging markets.