PICO RIVERA, CA
Paramount Boulevard Multi-tenant
7305 Paramount Boulevard Pico Rivera, CA 90660
Address:
Property Type:
Multi-Tenant
Price:
$5,000,000
Building Square Feet:
18,962 SF
Pro-Forma CAP Rate:
6.14%
Lot Size:
0.75 Acres
Price Per Square Foot:
$263.71
Year Built/Renovation:
1963/2024
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About the Property
18,962-Square-Foot Multi-Tenant Industrial Asset Situated on 0.75 Acres
Features 16' Minimum Clear Height and Comprised of Concrete-Tilt Construction
Property is Demised Into Two Connecting Individually Metered Units, Allowing for Single or Multi-Tenant Use
Comprised of Two Dock-High Loading Positions and Three Ground-Level Doors for Ease of Operations for Single or Two-Tenant Operations
Owner User or Value-Add Investment Opportunity with 100% Occupancy on One Immediately Expiring Lease and One Mid-Term Lease
Tight Barrier-to-Entry Market with 5.2% Overall Vacancy (CoStar)
Core Mid Counties Location with Immediate Proximity to 5, 605, 19, 164, 60, and 72 Freeways
About the Location
Over 135’ of Frontage along Heavily Trafficked Paramount Blvd
Great Industrial Pocket of Los Angeles within the Montebello Submarket that Features over 26,000,000 SF of Industrial Product
Less than 25 Miles to Downtown Los Angeles, LAX & the Ports of Los Angeles/Long Beach
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 7305 Paramount Boulevard, anchored by Jet Sales Packaging. The subject property is comprised of approximately 18,962 square feet of warehouse space and is situated on 0.75 acres of land. The asset features two connecting suites for single or multi-tenant use, two dock high doors, three ground-level doors, two HVAC units, 14 parking spaces, and three-phase power with 600 amps and 240 to 480 volts. The property is currently 100 percent occupied by two long-term tenants with one near-term lease expiration and no options to extend, offering a buyer the opportunity for both a lease-up or owner-user opportunity. Jet Sales has been in business for over 30 years, and is a wholesale distributor for packing supplies, serving businesses across Southern California.
The property is located in Pico Rivera within the submarket of Montebello, a sizeable mid-counties-based submarket with 26 million square feet of industrial space. Due to a lack of available land, the submarket’s inventory is essentially fixed, with zero industrial space under construction in Q2 of 2025 and zero construction completed in the past decade. Due to this, Montebello has historically enjoyed some of the lowest vacancy rates in the nation and remains one of the few submarkets with a positive year-to-date net absorption. However, with net absorption in negative territory over the prior three years, availability has been trending higher. Despite this, the year-to-date vacancy rate for 2025 has decreased 130 basis points from a decade's high of 6.5%, entirely driven by a scarcity of sub-25,000 square foot inventory in the area. With no industrial properties under construction in Montebello at the start of 2025 or for more than the past decade, demand will continue to be in the driver’s seat of vacancies and rent growth for the foreseeable future (CoStar).
Investment Overview
The Los Angeles metropolitan area is home to a diverse population of 10.1 million, including over 4 million residents within city limits. The second largest city in the U.S. boasts an 81-mile coastline along the Pacific Ocean and is encircled by the picturesque Santa Monica and San Gabriel mountains, including the towering Mount San Antonio. Simply known as L.A., the city features a well-connected transportation network, including major interstates, Amtrak, Metrolink, and Los Angeles International Airport (LAX). The entertainment industry, nine Fortune 500 companies, and a prominent aerospace sector drive the economy. Los Angeles’ industrial activity is anchored by the Ports of L.A. and Long Beach, which play a major role in the domestic supply chain as the leading point of imports from East Asia. With a growing population and high home prices, Los Angeles remains a vibrant and culturally rich metropolis.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2024 Marcus & Millichap. All rights reserved.