Cost Segregation Case Study for a Bank

CSSI® was referred to a real estate investor client who had recently purchased several banks in a small town in the Midwest. The bank buildings needed to be completely renovated, including a drive-through window, modern security, and a new lobby. Below are the study results of one of the properties that CSSI® was engaged to study.

Property type:

Bank

Date Aquired:

October 2020

Purchase Price (less land):

$2,106,630

First Year Tax Savings Benefit:

$307,012