Current Offerings — KB Parkshore Plaza, DST

KB Parkshore Plaza, DST

Parkshore Plaza is a Four-Building, Class-A Office Property

Located in Folsom, California (Sacramento County)

± 271,484 Rentable Square Feet

Management-Free Investment Opportunity

Monthly Cash Flow: 7.25% (Projected, Year 1)1

96% Occupancy

Escalating Rental Increases

Minimum Investment: $250,000

KB Parkshore Plaza, DST — 255 & 295 Parkshore Drive and 600 & 620 Coolidge Drive, Folsom, California


Kingsbarn Real Estate Capital is pleased to present the opportunity to acquire a state-of-the-art, Northern California, 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 96% 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.



FINANCIAL SUMMARY

Offering Price:

$87,100,000

Loan Amount:

$43,600,000

Equity Offering:

$43,500,000

Projected Cash Flow (Year 1)1:

7.25%

Minimum Investment:

$250,000

INVESTMENT HIGHLIGHTS

7.25% Projected Cash Flow (Year 1)1

96% Leased to Strong, Tenured Tenants

No Loan Liability to DST Investors

Flexible Equity Investments Starting at $250,000

Passive Income, Freedom from Property Management

1031 Exchange Eligible

About Sacramento, California

Parkshore Plaza is located in one of Sacramento's most affluent suburbs, Folsom. Sacramento is the sixth largest city in California and the ninth largest state capital in the U.S.A. With a thriving economy due to a diverse range of industries, the city of Sacramento has one of the fastest growing populations in California.

Anchored by the economic durability of government, the Greater Sacramento region's key industries include technology, life science, education, and healthcare. With extensive infrastructure connecting to the West Coast, the Greater Sacramento region hosts numerous Fortune 500 companies, such as IBM, Centene, and Microsoft.


Tenants

 

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Contact us about this investment opportunity at 800.242.1000


Jeff Farnsworth

Regional VP,
Bay Area North

Office: 415.879.9000
Cell: 801.702.7887
E-mail Jeff

James Yoder

Regional VP,
Bay Area South

Office: 408.412.9000
Cell: 408.910.7707
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Katelen Weisenberger

Regional VP, Central California
Office: 909.340.9000
Cell: 559.916.9035
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Louie Goros

Regional VP,
Los Angeles - South

Office: 424.343.9000
Cell: 630.247.5881
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Danny Held

Regional VP,
Los Angeles - North

Office: 424.343.9000
Cell: 310.200.3186
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Matt Ayer

Regional VP,
Orange County

Office: 562.452.9000
Cell: 818.232.1050
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Alex Hardick

Regional VP,
Inland Empire

Office: 909.340.9000
Cell: 951.225.5358
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James Rossi

Regional VP,
San Diego

Office: 858.240.9000
Cell: 412.260.6034
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