Self-Storage Facility
$1,200,000
$332,870
$332,870
The property
A five-building self-storage facility with metal-framed storage buildings, concrete and gravel paving, perimeter fencing, an automatic security gate, site lighting, and security systems.
The study
Our team performed an engineering-based cost segregation study and site inspection, identifying assets eligible for accelerated depreciation. Key shorter-life components included security and gate systems, specialty electrical connections, paving, gravel, landscaping, fencing, and storm drainage improvements.
The result
The study reclassified approximately $333,000 of depreciable basis into 5- and 15-year property. With 100% bonus depreciation available for the shorter-life assets, the owner received a substantial first-year depreciation benefit while retaining the remaining building basis in the 39-year category.