Faris Lee Arranges $12.5M Sale of Two Retail Buildings in Paramount

CVS/pharmacy and Starbucks Coffee occupy the two-building retail property at 8819 Alondra Blvd. in Paramount.

CVS/pharmacy and Starbucks Coffee occupy the two-building retail property at 8819 Alondra Blvd. in Paramount.

PARAMOUNT, CALIF. — Faris Lee Investments has brokered the sale of two freestanding, single-tenant retail buildings located on a 1.5-acre land parcel at 8819 Alondra Blvd. in Paramount. A private investor acquired the properties, which total 15,772 square feet, for $12.5 million.

A 13,972-square-foot CVS/pharmacy and a 1,800-square-foot Starbucks Coffee occupy the buildings.

Nicholas Coo and Joseph Chichester of Faris Lee Investments represented the seller, a private family company, while RE/MAX Premier Properties represented the buyer in the deal.

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