Manufacturing Facility

1M SF Manufacturing Plant

Opportunity

90 Projects on board in 2010. Property types range from 1M+ manufacturing facilities to distribution centers to office buildings.

Strategy

The property was assessed by the cost approach, but without adequate consideration to all forms of depreciation. The facility suffered from physical, economic and functional obsolescence, all of which had to be quantified and proven. The plant was re-drawn as part of the process to quantify the functional obsolescence.

Results

$7M Value Reduction / $128,000 Tax Savings
$0.13/SF Reduction in Operating Expenses