15939 Illinois Ave - Distribution FOR SALE


Paramount, CA 90723
$5,895,000 USD
714-536-7618
15939 Illinois Ave, Paramount, CA for Sale
$5,895,000 USD
Distribution - FOR SALE
1/10
null | Request Cap Rate

15939 Illinois Ave
Paramount, CA 90723


HIGHLIGHTS

  • Zoned Heavy Manufacturing

OVERVIEW

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

FOR SALE DETAILS

PRICE

$5,895,000 USD

PRICE/SF

$388 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

UTILITIES

Lighting - Fluorescent

CLEAR CEILING HT

24 Ft

DOCKS

-

DRIVE INS

5

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.73

LAND SF

31,799

ZONING

M2

APN/PARCEL ID

7102-013-023

ASK ABOUT THIS PROPERTY

David BiehlerPacific Sotheby's International RealtyMore Info
714-536-7618

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David BiehlerPacific Sotheby's International RealtyMore Info
714-536-7618

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.