Tilt-Up Industrial
15939 Illinois Ave Paramount, CA 90723
For Sale
$4,999,000
Well-maintained tilt-up warehouse with 24 clear height, five loading docks, and fully fenced parking with 30 spaces.
Property Size15,176 SF
Price / SF$329.40
Days on Market160
Property Features for 15939 Illinois Ave
General Information
- Standard status
- Active
- Size
- 15,176 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2006
Listing Agency:
Pacific Sotheby's Int'l Realty
(714) 747-3949
Listed By:
David Biehler · License #01030261
(714) 747-3949
Source:
Exitrealty
Added: Feb 14
Changed: Jul 23
Last Checked: Jul 23 at 6:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pacific Sotheby's Int'l Realty
Investment Insights
Based on property information with market context.
Well-maintained industrial warehouse constructed with concrete tilt-up design and built in 2006. The facility offers 24 clear ceiling height and a functional warehouse layout designed for industrial and manufacturing needs. Improvements include five loading docks and five existing bathrooms to support day-to-day operations.
The property is located at 15939 Illinois Ave in Paramount, CA, within a logistics corridor that provides access to major Southern California transportation routes including I-710 and SR-91. Parking is provided via a fully fenced parking lot with 30 on-site spaces.
The site is zoned M-2 (Heavy Manufacturing), supporting a broad range of industrial uses. The property is currently leased at below-market in-place rents, creating a value-add opportunity through future rent growth, lease rollover, or repositioning.
The property is located at 15939 Illinois Ave in Paramount, CA, within a logistics corridor that provides access to major Southern California transportation routes including I-710 and SR-91. Parking is provided via a fully fenced parking lot with 30 on-site spaces.
The site is zoned M-2 (Heavy Manufacturing), supporting a broad range of industrial uses. The property is currently leased at below-market in-place rents, creating a value-add opportunity through future rent growth, lease rollover, or repositioning.
Key Highlights
- 15,176 SF industrial warehouse built in 2006 with concrete tilt‑up construction
- 24’ clear ceiling height for modern industrial and manufacturing needs
- Zoned M‑2 (Heavy Manufacturing) for manufacturing, distribution, and logistics uses
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $244.0k | $16.08 |
| − Vacancy | −$11.7k | −$0.77 |
| EGI | $232.3k | $15.31 |
| − OpEx | −$34.8k | −$2.30 |
| NOI | $197.5k | $13.01 |
15,176 SF · lease $16.08/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.82M
$2.47M – $3.29M
NOI $197,469 @ 7.0% cap · market cap 3.95%
Second Best
Industrial
$2.53M
$2.22M – $2.96M
NOI $177,348 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$8.13M
$7.11M – $9.48M
NOI $568,762 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Galvanized Steel Supply ...
Factory
Leon's Cabinets
General Contractor
Similar Off Market Nearby
- Extra Space Storage — 6897 Paramount Blvd, Long Beach, CA 90805
- SecurCare Self Storage — 7752 Jackson St, Paramount, CA 90723
- Sullivan Storage Facility — 15929 Minnesota Ave, Paramount, CA 90723
- Armor Storage Unit — 6700 Cherry Ave, Long Beach, CA 90805
- Low Cost Storage Paramount — 7520 Alondra Blvd, Paramount, CA 90723
FAQs
What type of property is this?
Warehouse - Well-maintained tilt-up warehouse with 24 clear height, five loading docks, and fully fenced parking with 30 spaces.
Where is this warehouse located?
The property is located at 15939 Illinois Ave Paramount, CA.
What is the asking price?
The asking price for this property is $4,999,000.
What are key features of this property?
This property features: 15,176 SF industrial warehouse built in 2006 with concrete tilt‑up construction; 24’ clear ceiling height for modern industrial and manufacturing needs; Zoned M‑2 (Heavy Manufacturing) for manufacturing, distribution, and logistics uses
