15939 Illinois,Paramount, CA 90723
Paramount, CA 90723
Description
FOR SALE | Industrial Warehouse - Paramount, CA | Value-Add Opportunity Well-maintained 15,176 SF industrial warehouse constructed with concrete tilt-up design and featuring 24’ clear height, a highly desirable attribute for modern industrial and manufacturing users. Built in 2006, the property is considered newer construction for the Paramount submarket and offers an efficient, functional warehouse layout. The property is zoned M-2 (Heavy Manufacturing), allowing for a wide range of industrial uses including manufacturing, distribution, and logistics. Located within a high-demand Paramount logistics corridor, the site offers excellent access to I-710, SR-91, and other major Southern California transportation routes, providing efficient connectivity to the Ports of Los Angeles and Long Beach as well as the greater Los Angeles region. The property includes a fully fenced parking lot with 30 on-site parking spaces, enhancing security and operational efficiency. The warehouse is equipped with 5 loading docks and 5 existing bathrooms, supporting multi-shift operations and tenant functionality. The property is currently leased at below-market in-place rents, presenting a compelling value-add opportunity through rent growth, lease rollover, or repositioning. Property Highlights 15,176 SF industrial warehouse, Concrete tilt-up construction, 24’ clear ceiling height, Built in 2006 (newer construction for the area), Zoned M-2 Heavy Manufacturing, High-demand Paramount, CA logistics corridor, Excellent freeway access (I-710, SR-91) Fully fenced parking lot with 30 parking spaces, 5 loading docks, 5 existing bathrooms, Well-maintained condition, Below-market in-place rents with upside potential
Details
| MLS # | OC26029418 |
|---|---|
| Listing Type | For Sale |
| Style | Industrial |
| Sub-Type | Resale |
| Status | Active |
| Year | 2006 |
| Days On Site | 216 |
| Listing Provided By | Pacific Sotheby's Int'l Realty | David Biehler |
Features
| SQ Feet | 15,176 |
|---|---|
| Story(s) | 1 |
| Acreage | 0.73 |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Paramount |
| Zip Code | 90723 |
| Area | RL Paramount North of Somerset |
| Listing VS Median (in 90723) | |
Price: $4,999,000 low | high Med: $1,250,000 sqft: 15,176 low | high Med: 8,001 $ / sqft: $329 low | high Med: $156 On site: 216 low | high Med: 23 | |
Market Activity 90723
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Paramount |
| Zip Code | 90723 |
| Area | RL Paramount North of Somerset |
| Listing VS Median (in 90723) | |
Price: $4,999,000 low | high Med: $1,250,000 sqft: 15,176 low | high Med: 8,001 $ / sqft: $329 low | high Med: $156 On site: 216 low | high Med: 23 | |