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.