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Mixed Use
    

Retail & Office: CSS Completed for 2004 Tax Year

The upscale property is a two-story building occupying a portion of a city block in a major shopping area. The first floor space consists of specialty boutique outlets and a bookstore. The second floor space consists of office space and the bookstore upper floor. The property has a footprint of approximately 44,620 square feet with a total gross area of approximately 90,400 square feet.

Retail & Office

• Placed in Service: May 2004
 
• Cost Basis: $9,363,580
 
• Accelerated: $1,647,990 (15%)
 
• 1st Year Savings: Over $22,000*
 
• 10-Year NPV Savings: Over $372,000**
 
 
 
*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.