Cost Segregation Strip Shopping Plaza

This week for a strip plaza Cost Segregation study that was completed we had the following results: basis reclassification- we were able to reclassify 14% into 5 year & 12% into 15 year property. The project’s overall basis was $2,656,000 and we were able to reclassify $690,560 of the property’s costs into these shorter depreciation class lives under our Speciality Tax Services. The client was also able to take advantage of 100% Bonus Depreciation as well for this project.

Retail shopping center Cost Segregations are unique and great candidates for our services because of the various tenants that occupy the spaces and their finishes within these spaces. Most retail strip shopping facilities have a mixture of restaurants, retail, medical, dental, nail salons, banks, grocery stores etc.