{"id":1004784417,"date":"2026-01-20T03:21:19","date_gmt":"2026-01-20T11:21:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004784417"},"modified":"2026-01-20T06:23:28","modified_gmt":"2026-01-20T14:23:28","slug":"exclusive-pepsico-sells-socal-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/exclusive-pepsico-sells-socal-facility\/","title":{"rendered":"Exclusive: PepsiCo Sells SoCal Facility"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a35e72ee86f5&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004784418\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/exclusive-pepsico-sells-socal-facility\/pepsi-blt\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Pepsi-BLT.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Pepsi-BLT\" data-image-description=\"&lt;p&gt;Proprietary image obtained from Yardi Matrix&#8217;s database.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;This 1986-completed asset traded for $390.8 per square foot, substantially above the 2025 market average. Image courtesy of Yardi Matrix&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Pepsi-BLT.jpg?w=640\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Pepsi-BLT.jpg\" alt=\"Exterior shot of the warehouse in San Fernando, Calif., that PepsiCo sold to BLT Enterprises.\" class=\"wp-image-1004784418\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Pepsi-BLT.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Pepsi-BLT.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">This 1986-completed asset traded for $390.8 per square foot, substantially above the 2025 market average. <em>Image courtesy of Yardi Matrix<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>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 <em>Commercial Property Executive<\/em>&nbsp;whether this was a sale-leaseback deal.&nbsp;<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.commercialsearch.com\/news\/shallow-bay-industrials-deep-future\/\">shallow bay warehouse<\/a> 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.<\/p>\n\n\n\n<p>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\u2019s figure of approximately $3.1 billion. Additionally, the decline represents the third consecutive annual depreciation in a row since 2022\u2019s record of $6 billion in sales.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/whats-next-for-industrial-real-estate\/\">What Will Define Industrial\u2019s Next Stage of Growth?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The 1986-built property features four grade-level doors and eight dock entrances. BLT\u2019s 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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-pepsi-s-recent-industrial-deals\">Pepsi&#8217;s recent industrial deals<\/h2>\n\n\n\n<p>This isn\u2019t 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 <a href=\"https:\/\/www.commercialsearch.com\/news\/is-2025-or-2026-the-year-for-sale-leaseback-deals\/\">sale-leaseback deal<\/a>, which involved the lease to Pepsi for one year, after which BLT planned to upgrade the warehouse and seek new tenancy.<\/p>\n\n\n\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company\u2019s industrial divestments rose sharply in 2025.<\/p>\n","protected":false},"author":3471,"featured_media":1004784418,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,1594,21742,15],"tags":[35361,50335],"class_list":["post-1004784417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-los-angeles","category-latest","category-west","tag-blt-enterprises","tag-pepsico-incorporated"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Exclusive: PepsiCo Sells SoCal Facility - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"PepsiCo sold an 81,200-square-foot warehouse in San Fernando, Calif., for $31.7 million to BLT Enterprises.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/exclusive-pepsico-sells-socal-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exclusive: PepsiCo Sells SoCal Facility\" \/>\n<meta property=\"og:description\" content=\"PepsiCo sold an 81,200-square-foot warehouse in San Fernando, Calif., for $31.7 million to BLT Enterprises.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/exclusive-pepsico-sells-socal-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-20T11:21:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-20T14:23:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Pepsi-BLT.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Claudiu Tiganescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/exclusive-pepsico-sells-socal-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/exclusive-pepsico-sells-socal-facility\/\",\"name\":\"Exclusive: PepsiCo Sells SoCal Facility - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/exclusive-pepsico-sells-socal-facility\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/exclusive-pepsico-sells-socal-facility\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Pepsi-BLT.jpg\",\"datePublished\":\"2026-01-20T11:21:19+00:00\",\"dateModified\":\"2026-01-20T14:23:28+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66\"},\"description\":\"PepsiCo sold an 81,200-square-foot warehouse in San Fernando, Calif., for $31.7 million to BLT Enterprises.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/exclusive-pepsico-sells-socal-facility\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/exclusive-pepsico-sells-socal-facility\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/exclusive-pepsico-sells-socal-facility\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Pepsi-BLT.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/Pepsi-BLT.jpg\",\"width\":640,\"height\":480,\"caption\":\"This 1986-completed asset traded for $390.8 per square foot, substantially above the 2025 market average. 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