$8.2 Million Stuart, Florida Self Storage Facility Cost Segregation Case Study

$1,815,553.37 in first year tax savings

This self-storage facility in Stuart, Florida was purchased for $8.2 million in 2021. Taking the straight-line depreciation rate, it would have depreciated by approximately $210,200 in the first year. However, property investors successfully accelerated the first-year depreciation rate to $2 million by applying a cost segregation study. This resulted in $1,815,553 in first-year tax savings.

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