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$ 5,499,000
Est. payment /mo
Price Dropped by $396K
15939 Illinois Paramount, CA 90723
0.73 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26029418
HOA Y/N No
Year Built 2006
Tax Year 2025
Lot Size 0.732 Acres
Property Sub-Type Industrial
Property 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
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
Location
State CA
County Los Angeles
Area Rl - Paramount North Of Somerset
Interior
Fireplace No
Laundry None
Building
Story 1
Water Private
Others
Tax ID 7102013023
Special Listing Condition Standard
Listed by David Biehler Pacific Sotheby's Int'l Realty 714-747-3949, DRE #01030261
Mauri Tamborra
Broker Associate, REALTOR®, CNE, CDPE, EcoBroker, RE/MAX Circle of Legends | License ID: CA DRE 02132134|CO DRE 042397