If you have managed to turn your racing or car collecting hobby into a business,
there are clear and compelling benefits to owning—rather than leasing—the space where
you store your collection. At Club Auto Sport, you get a space that’s purpose-built
for storing and working on cars, with special ventilation systems and secure 24x7
access. You can customize your unit to meet your precise requirements. And you can
finally control your storage costs—no rent increases!
In addition, any owner who purchases a unit at Club Auto Sport can look forward
to the tremendous potential for long-term appreciation in property values, enhanced
by the project’s prime location adjacent to the North First Street transportation
corridor in the heart of Silicon Valley’s Golden Triangle
This can provide you or your business with increasing value year after year, for
as long as you hold your space at Club Auto Sport. The sooner you get in, the more
potential appreciation you may enjoy. While clearly there are no guarantees, in the
past owning real estate in Silicon Valley has proven to be a smart investment.
But the most immediate returns for owners who have organized their avocation as
a business will come from the tax benefits of owning your own business property—benefits
that can be so significant, they will pay you to buy a Club Auto Sport condominium.
Equally important, timing is critical. Every day that you don’t own is a day of
lost tax benefits. And with rental costs rising quickly—due to a strong job market,
scarce land and soaring construction costs—that’s money out of your pocket.
So don’t wait. In this case, time really is money. Money that you could keep for
your business when tax time rolls around each year.
Let’s take a closer look at how the tax benefits add up for you.
Cost segregation pays dividends
The advantages start with real estate cost segregation, a smart way to accelerate
the depreciation on your business property. In simplest terms, cost segregation lets
you recover certain building costs over fifteen, seven, or even five years, rather
than depreciating the entire value of a building—minus the land cost—over the standard
39 years.
Even the smallest businesses can use the accelerated depreciation of cost segregation
to save thousands of dollars in taxes up-front. Let Borelli Investment Company explain
how you can take advantage of this tax break NOW.
Run your own numbers using our customized, online
lease vs. buy calculator.
Section 179 tax incentive offers more breaks
In addition to accelerated depreciation, cost segregation gives you the opportunity
to take Internal Revenue Code (IRC) Section 179 deductions on your office condominium.
Business owners can file for a first-year deduction of up to $250,000 (2008 figure—adjusted
for COLA each year) in accelerated depreciation on 5- and 7-year personal property
identified in the cost-segregation analysis.
When combined with the usual business deductions for real estate taxes, association
dues, and other expenses, cost segregation and Section 179 deductions can easily
add up to tens of thousands of dollars for the typical buyer—which makes Club Auto
Sport affordable for virtually everyone. A close examination of our "Lease vs. Buy" analysis
will show you how these benefits can add up. Of course, you'll want to consult with
your tax professional about your specific situation to learn how these benefits might
apply to your purchase.
Bottom line: today's unique tax advantages and attractive financing options mean
the time to buy at Club Auto Sport is now, and they put ownership within the reach
of more small businesses than ever before.
Note—The above discussion does not take into account every
tax situation for all businesses or individuals. Not all tax laws have been considered—for
example, passive loss and at-risk rules or alternative minimum tax (AMT) requirements
could alter the tax benefits. Potential owners should contact a tax advisor before
making purchase decisions.
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