Parkshore Plaza

1031 Exchange into DST

Sold

$1,468,528

2021.12.30

press to zoom

press to zoom

press to zoom

press to zoom
1/5

Property Description

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.

Contact Agent

Mike Mignosa

(858) 683-3979

DRE #02049221

KEN_0377_edit_edited.jpg
KEN_0377_edit_edited.jpg
Marketing Package
Drone Video
Drone Video

Property Details

Property Type

Office

Units

SqFt

271K

Unit Mix

Year Built

Price

Price/Unit

Price/SF

GRM

Cap Rate

$1,468,528

6.58%

Property Location