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Automotive
   

Ford Dealership: CSS Completed for 2005 Tax Year

The property is a two level automotive dealership with the top floor being used as offices and a small photographic studio. The ground level consists of an entrance vestibule and waiting room, restrooms, an employee break room, a service coordination room and mechanical/electrical rooms. The main level consists of high bay warehousing of inventoried parts, primary service, and ‘make-ready’ floor.

Ford


Placed in Service: December 2004
 
Cost Basis: $14,960,978
 
Accelerated: $5,941,508 (39.7%)
 
1st Year Savings: Over $616,000*
 
10-Year NPV Savings: Over $1,330,000**

 

Honda Dealership: CSS Completed for 2004 Tax Year

The property consists of a parts and repair facility, office area, showroom for new vehicles, approximately 1,600 square feet for future showroom expansion and exterior display space.

Honda

Placed in Service: December 2004
 
Cost Basis: $3,818,156
 
Accelerated: $1,351,156 (35.4%)
 
1st Year Savings: Over $271,000*
 
10-Year NPV Savings: Over $284,000**

 

Mercedes Dealership: CSS Completed for 2003 Tax Year

The building supports a drive-through service center, a high-bay service center with 28 sub-floor lifts. There are also dedicated spaces for the wheel alignment and Maybach equipment, the State Inspection and specialty service bay, a tech library, a unit repair room for items such as transmissions and a specialty tool crib. The main floor supports the primary showroom, a sales counter for customer service, parts, logo merchandise, and 19 glass-walled cubicles for sales staff.

Mercedes

Placed in Service: October 2002
 
Cost Basis: $7,501,000
 
Accelerated: $2,722,863 (36.3%)
 
1st Year Savings: Over $839,000*
 
10-Year NPV Savings: Over $887,000**

 
 
 
*Estimate of first year tax savings based on a 40% tax rate.
**Estimate of 10-yr net present value savings based on a 40% tax rate and an 8% discount rate.