1031 Exchange into DST
Class-A office property structured as a Delaware Statutory Trust (DST). The property has impressive on-site amenities and is favorably located on Folsom Boulevard, one of Folsom's main thoroughfares. The perfect combination of urban beauty and corporate prestige, Parkshore Plaza is leased to a strong, tenured tenant base representing a diverse mix of industries, including telecommunications, financial services, healthcare, and technology, with major tenants including Verizon, Voxpro Group (dba TELUS International), and One Inc.
Not only is Parkshore Plaza a premier office park in Folsom, but it is further considered to be one of the top properties in the Greater Sacramento area. As the state capital of California, Sacramento (MSA 2,397,382) is a notable financial center on the West Coast and a major educational hub, providing Parkshore Plaza access to numerous corporate tenants and resources. Additionally, Sacramento is the most popular in-flow destination for homebuyers looking to move to a different metro area in the United States (Redfin, July 2020,) and tech tenancy is on the rise. Given its high-quality build and location, Parkshore Plaza is well positioned to tap into this new growth.