Cost Segregation Case Study for a Self-Storage Facility

A CSSI® representative met a self-storage facility owner at an industry conference. The client’s facility generated over $300,000 in revenue annually and was depreciated using the straight-line method. With accelerated depreciation, the client received a tax savings benefit of over $400,000 in the first year. The client used the savings to purchase several small residential rentals and has had cost segregation studies performed on them.

Property type:

Self-Storage Facility

Date Aquired:

February 2019

Purchase Price (less land):

$4,052,325

First Year Tax Savings Benefit:

$412,025