Self-Storage Facility

This owner saved $412,025 in taxes.

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.


Date Aquired:
February 2019
Purchase Price(less land):
$4,052,325