15939 Illinois Ave 15,176 SF 100% Leased Industrial Building Paramount, CA 90723 $5,895,000 ($388.44/SF)

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