I just closed a sale transaction for a 16,600 square foot food production building in the City of Paramount located next to the 710 Freeway and Alondra Blvd in Los Angeles County, California. The agreed upon price was $6,850,000. I previously had this in escrow with a high-net-worth buyer who was also a world-famous restaurant operator. However he decided at the last minute to outsource the production of his frozen food line and thus cancelled the contract while forfeiting his deposit. I immediately called another food company in my extensive industrial company contact database and they expressed interest in the facility.

Soon enough my second buyer was under contract and in escrow to purchase this facility while conducting their due diligence and obtaining SBA financing. Several weeks ago we closed the transaction.

The facility was formerly occupied by a food production company that made ready to cook bowls of frozen meals. The new company will re-certify the facility with the USDA in order to use it for meat processing of beef and poultry. Many years ago the facility was used to manufacture frozen Chinese dumplings.

See below floor plan to understand the extensive buildout of specialized food rooms like freeers, coolers, and processing room with floor drains.

Additionally the building was located in a secure business park, had dock high loading, and dedicated parking spaces. The location is between Downtown Los Angeles, Vernon, and Commerce to the north and the port of LA to the south.

You may Contact me with any questions.