Los Angeles, CA – June 28, 2022 – Senior Associate Lucy Hartford with NAI Capital Commercial’s Investment Services Group completed the sale of three industrial buildings totaling 35,054 square feet in Paramount, California.
7200 Adams St. (8,775 square feet) & 15330 Texaco Ave. (16,945 square feet) sold for $7,716,000 or $300 per square foot. Lucy represented the seller in this transaction. The owner/user sale included two vacant industrial buildings zoned M2 on a corner lot with a fully fenced and gated parking lot. The property received multiple offers above asking price. The new owner will be occupying the property for their business operations and hold it for the long term.
7626 Somerset Blvd. (9,334 square feet) sold for $3,000,000 or $321 per square foot. Lucy represented the buyer in an off-market transaction. The manufacturing facility was purchased by a local business to secure the property as a long-term hold.
Lucy said, “This was an excellent opportunity for the buyers to secure well-located industrial property in a tight market.” Lucy added, “Industrial buildings in Paramount for sale remain scarce and are selling for a premium.”
About NAI Capital Commercial
NAI Capital Commercial is the largest agent and employee-owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, a leading global commercial real estate services firm with more than 375 brokerage offices and over 6,000 professionals spanning the globe, NAI Capital Commercial provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital Commercial offers innovative, customized solutions and seamless service to owners, tenants, investors, and developers throughout Southern California. Our clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital Commercial we work together putting our clients first.