Available For Sale - Industrial , Warehouse

21,150 SF | Show Pricing $

LISTED BY

Marie Taylor
NAI Capital, 626-204-1520

AVAILABILITY DETAILS

Size
21,150 SF
Price/SF
Show Pricing $
Listing ID
SA534926
Notes
Opportunity Zones are census tracts added to the federal tax code that must meet one of three criteria under the definition of “low-income community” in Internal Revenue Code Section 45D(e). These criteria are defined by both poverty and median family income.

California worked with local governments to ensure that census tracts fit this definition in nominating census tracts of economic distress. The average poverty rate in a California Opportunity Zone is twenty percentage points higher than the statewide average. The median family income of a California Opportunity Zone is half the statewide average.

Opportunity Zones incentivize investment and economic development in distressed communities by providing federal tax benefits to investors for qualified uses. The incentive enables a temporary deferral on capital gains for qualified investments through a Qualified Opportunity Fund (QOF) established with the Internal Revenue Service (IRS).

Investors can defer federal capital gains taxes on the invested gain amounts until there is an event that reduces or terminates the qualifying investment in the QOF, or December 31, 2026, whichever is earlier. In addition, if the investor holds the investment in the QOF for at least 10 years, the investor is not required to pay federal capital gains taxes on any realized gains from the investment. All QOFs must hold at least 90 percent of assets in qualifying Opportunity Zone properties or businesses.
Uses
Industrial
Warehouse

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Marie Taylor, NAI Capital
BRE# 01233430