As a CCIM, I receive a monthly magazine focused on Commercial Real Estate. The March-April article, “Getting to know Opportunity Zones” reignited my interest. Anyone who is looking into Sacramento commercial real estate investment should know where the Opportunity Zones (OZ) are. Recently 830 K Street sold to a Los Gatos investor; 830 K is just three blocks from the Capitol Dome and DOCO – and it is in an OZ. For more information about OZs click here.
Also, if you are thinking about selling and your Sacramento investment property, and it is located in a OZ, you might be able to fetch a higher price if the eventual buyer wants to defer tax obligations
Along with Section 1031 exchanges, Opportunity Zones defer and minimize Capital Gain taxes. Sacramento is filled with Opportunity Zones and many of the areas will surprise you.
Take a look at the CCIM Article here: