Property Detail

Description

The subject property is a 3-story office building located at 16660 Paramount Blvd. in the city of Paramount, CA. The property is a ±45,900 SF off-campus medical office property situated on ±1.67 acres of land. The building was built in 1973 and is currently 100% occupied by a mix of medical and office-oriented tenants with a master lease in place with Kinder Healthcare until March of 2026. This property is located only a block to the south of Paramount City Hall on Paramount Blvd, and is part of the Central Business District Area 1. Paramount Blvd. is a busy north-south arterial with approximately 25,670 VPD (DOT 2017). The property is also only ½ mile north of the 91 Freeway providing great freeway access. The site is rectangular in shape with approximately 340’ of frontage along Paramount Blvd. and approximately 214’ of frontage along E. 70th Street. There are 107 parking spaces in a striped surface parking lot providing a parking ratio of 2.33 parking spaces per 1,000 SF. The roof type is flat built-up composition and it was recently replaced in December of 2020 (15-year warranty). Additionally, there are two elevators to serve this building. This property is located in an ideal location for any company serving the Los Angeles and Orange County market area and is priced competitively for either an owner/user, an investor, or a developer who would want to redevelop the site.