CBRE Sells Paramount Business Center Industrial Park In Paramount For $7.6M

The Paramount Business Center, located at 6407-6431 Alondra Boulevard in Paramount, was sold to a local private investor for $7.6 million. This industrial property comprises 11 units with high-image storefronts and spans across 30,224 square feet. Situated in a convenient location with easy access to Interstate 710, this center presents itself as an attractive investment opportunity within the Paramount market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7,600,000
• Units: 11
• Price Per Unit: $690,909
• Square Footage: 30,224
• Price Per Square Foot: $251
• Address: 6407-6431 Alondra Boulevard
• Market: Paramount

CBE Real Estate played a pivotal role in facilitating the sale of the Paramount Business Center. The transaction involved brokers Anthony DeLorenzo, Barbara (Emmons) Perrier, Bryan Johnson, Dylan Rutigliano, Eric Cox, Gerard Poutier, and Mark Shaffer from CBRE. Their expertise and connections were crucial in ensuring a successful deal for the industrial park. The involvement of CBRE Investment Properties and National Partners further enhanced the execution of this transaction, showcasing the collaborative effort within the real estate industry.