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Paramount Business Center Sold for $3.1M

Investor Acquires 31K-SF Industrial on Alondra Boulevard
By Alvin Ruzo
July 28, 2005 | 6:32 P.M.

Cornerstone Realty Fund LLC purchased buildings A and B in the Paramount Business Center in Paramount. The 30,157-square-foot acquisition at 6407-6419 and 6427-6431 Alondra Blvd. sold for $3.1 million, or approximately $100 per square foot. The capitalization rate at the time of the sale was 7%.

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News | Paramount Business Center Sold for $3.1M