office improvements depreciation

Office Co-Work Space

Client:

This client is a well-established, multiple-site owner of a multiple physician practice. This site is one of several medical office buildings owned. This study focuses only on this building.

Result:

We began working with this client after project completion but before the first tax filing after occupancy. The infrastructure required to serve an ambulatory medical center is highly specialized. For example, personal property needs related to sterilization, patient monitoring, in-house biopsy, specialized cooling and ventilation, water, electrical, and backup power for patient safety. Therefore, our awareness and understanding of the visible and hidden system components allowed for more significant savings for this client.

1st Year Depreciation Increase:
$2,966,193

Building Cost:
$4,345,742

Full Life NPV:
$654,561

Property Type:
Office

Type of Study:
Adaptive Reuse

Facility Size:
34,939

CPA Referral