$6,853,737.35 in first year tax savings
Having been purchased in 2018 for $13.1 million, this storage facility in Tigard, Oregon was on track to generate $335,800 in first-year depreciation. By applying a cost segregation study, investors were able to accelerate the first-year depreciation rate to $7.1 million, saving them $6,853,737 on taxes.
