A two-building industrial property located at 6319 Alondra Blvd, Paramount, CA was sold for $15,900,000. The property, part of Paramount Business Park, encompasses a total of 63,214 square feet and is situated on 6 acres. The warehouses, completed in 1984 and 1985, feature grade-level and dock-high loading doors, a 22-foot clear height, and functional mezzanine space. Its proximity to Interstate 710 enhances accessibility, lying 16 miles east of Los Angeles International Airport and 15 miles south of downtown L.A.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $15,900,000.00
• Address: 6319 Alondra Blvd, Paramount, CA
• Market: Paramount
• Seller: Excelsior Partners
• Buyer: Safco Capital Corp
• Seller's Representative: Kevin Shannon - Newmark
• Occupied by: General Services Administration and VNSM
• Additional Assets: Two radio tower pads leased to Hi-Favor Broadcasting LLC

The seller was represented by Newmark, where Managing Director Ryan Plummer, Executive Managing Director Sean Fulp, Director Mark Schuessler, and Co-Head of U.S. Capital Markets Kevin Shannon played a significant role. The acquisition was made by Safco Capital Corp. The warehouses are fully occupied and the deal included long-term leases for additional radio tower pads related to AM radio broadcasting.