16660 Paramount Blvd - Medical FOR SALE


Paramount, CA 90723
$5,800,000 USD
949-419-3205
16660 Paramount Blvd, Paramount, CA for Sale
$5,800,000 USD
Medical - FOR SALE
1/11
null | Request Cap Rate

Mar '26


16660 Paramount Blvd
Paramount, CA 90723


HIGHLIGHTS

  • Property is a 3-story ±45,900 SF Off-Campus Medical Office Property Built in 1973 that is Situated on ±1.67 Acres of Land
  • Property is Master Leased to Kinder Healthcare who will be Vacating the Property in March of 2026
  • Property is located a Block South of Paramount City Hall and 1/2 Mile North of the 91 Fwy
  • Surface Parking Lot with 107 Spaces, Flat Roof Replaced in 2020 with 15-Year Warranty
  • Could be Desirable Asset for an Owner/User, an Investor, or a Developer Looking to Redevelop the Site

OVERVIEW

Marcus & Millichap is pleased to offer for sale the property located at 16660 Paramount Blvd. in the city of Paramount, CA. The subject property is a three-story ±45,900 SF off-campus medical office property situated on ±1.67 acres of land. The building was built in 1973 and is currently 100% occupied by a mix of medical and office-oriented tenants with a master lease in place with Kinder Healthcare until March of 2026. The tenant will be vacating the property in March of 2026 and the building will be 100% vacant at that time. This property is located only a block to the south of Paramount City Hall on Paramount Blvd and is part of the Central Business District Area 1. Paramount Blvd. is a busy north-south arterial with approximately 25,670 VPD (DOT 2017). The property is also only ½ mile north of the 91 Freeway providing great freeway access. The site is rectangular in shape with approximately 340’ of frontage along Paramount Blvd. and approximately 214’ of frontage along E. 70th Street. There are 107 parking spaces in a striped surface parking lot providing a parking ratio of 2.33 parking spaces per 1,000 SF. The roof type is flat built-up composition and it was recently replaced in December of 2020 (15-year warranty). Additionally, there are two elevators to serve this building. This property is located in an ideal location for any company serving the Los Angeles and Orange County market area and is priced competitively for either an owner/user, an investor, or a developer who would want to redevelop the site.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Office Bldg to be Vacant in March 2026

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

107

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

PAC3

APN/PARCEL ID

7103-025-024

ASK ABOUT THIS PROPERTY

Matthew WenzelMarcus & MillichapMore Info
949-419-3205

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Matthew WenzelMarcus & MillichapMore Info
949-419-3205

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