14127-14139 Downey Ave
Paramount, CA 90723
Retail Property For Sale

Marcus & Millichap is please to present the shopping center located at 14127 Downey Avenue in Paramount, California. This is the first time the shopping center has been brought to the market. The property is situated on the Northwest corner of Downey Avenue and Rosecrans Avenue. The center is 89 percent occupied with one unit vacant. All tenants are on NNN leases. The center benefits from a busy signalized intersection, foot traffic from Paramount High School across the street, and easy access to the 105 freeway. The parking lot is well lit while providing ingress and egress access to Downey Avenue and Rosecrans Avenue. The shopping center's new roof was installed about a year ago. The CAP rate takes into factor the vacant unit being leased at a market rate. The city of Paramount, incorporated in 1957, is well located in between three major Southern California freeways the 91, 710, and 105. These freeways offer easy access to Los Angeles International Airport and Downtown Los Angeles. Paramount is part of the Gateway Cities region in Los Angeles County, serving commerce flowing from the Port of Los Angeles in Long Beach to Downtown Los Angeles.