Investment Office Buildings

Two Investment Office Buildings

Opportunity

Portfolio client on boarded in 2010. Property type is Investment Office Buildings.

Strategy

These properties were assessed by the income approach, but no consideration was given to the loss of net rentable area due to the triangular shape of the buildings. The loss in value, functional obsolescence incurable was proven in the market using the income approach and competitive rent comparables.

Results

$4.3M Value Reduction / $60,000 Tax Savings
$0.89/SF Reduction in Operating Expenses