Case Studies
Storage Facility
Longmont, Colorado
- 208 unit; 29,250 square feet
- Cost Reclassified 41.89%
- Year 1 Increased Depreciation $294,642
This 2015 cost segregation study for a local storage company was part of 5 sites that the owners have been acquiring over the years. With catch up depreciation, the results were spectacular. On this single property alone we reclassified the following:
- 5 – Year: 11.57%
- 7 – Year: Less Than 1%
- 15 – Year: 29.73%
- Total Reclassified: 41.89%
Although the 5-year assets in a storage facility aren’t as plentiful as an apartment building, the catchup on this project made it well worth the fee. The owners were able to increase their depreciation deduction by $294,642.
Longmont, Colorado
- 208 unit; 29,250 square feet
- Cost Reclassified 41.89%
- Year 1 Increased Depreciation $294,642
This 2015 cost segregation study for a local storage company was part of 5 sites that the owners have been acquiring over the years. With catch up depreciation, the results were spectacular. On this single property alone we reclassified the following:
- 5 – Year: 11.57%
- 7 – Year: Less Than 1%
- 15 – Year: 29.73%
- Total Reclassified: 41.89%
Although the 5-year assets in a storage facility aren’t as plentiful as an apartment building, the catchup on this project made it well worth the fee. The owners were able to increase their depreciation deduction by $294,642.