We simplify the process for owners like you. By donating your commercial real estate you take advantage of several tax break options.
Manufacturing and distribution centers, cold storage facilities, service parks, flex facilities/warehouses, and R&D centers.
Office and residential storefronts, grocery stores, daycares, banks, and freestanding establishments can all be donated as part of a commercial property donation.
Large commercial retail facilities such as shopping malls, outlet malls, community and neighborhood centers, and airport retail space.
Specialty spaces can be particularly tricky when trying to sell.
Religious establishments such as churches or synagogues, schools, self-storage facilities, car washes, and others are very particular property types that do not always have ‘ready to go” customers.
You may be upgrading or outgrowing your current space, and you are looking for a new data hosting site, creative space, work unit, or residential-style office.
Either way, office space is a worthwhile donation to make as it provides a tax deduction and eliminates your capital gains tax.
As a niche market, healthcare spaces such as doctor offices, medical clinics/hospitals, elderly care facilities, and rehabilitation centers are all difficult sells, dilapidated or abandoned ones no less.
They can remain on the market for years as your financial burden to these places continue.
When you donate, you immediately remove any financial and legal obligations associated with the property and you can move on with your business endeavors.
Hotels, motels, and casinos require a large amount of upkeep.
By donating your property and getting rid of unwanted costs, you save your business the necessary money to grow and progress.
Theaters, arenas, sports fields, pools, amusement parks, and athletic ranges are all types of commercial real estate we accept.
Selling commercial properties that need repair or real estate that’s situated in a bad location can make it extremely difficult and every month that goes by, the bills keep piling up.
By working with a non-profit organization that has been doing this for many years, you could rest assured that after a thorough review, we will give you a quick and meaningful answer for any type of property.
Yes. Office space is tax-deductible.
Better is a matter of perspective.
Selling a property can be lucrative but involves a lot of red tape and taxes. When you donate your commercial property, in addition to feeling that you are doing something for the greater good, you receive a tax exemption and deduction and relieve yourself of all property responsibilities, fast and easily.
Depending on your organization, you can receive large, long-lasting deductions and you are immediately exempted from any capital gains tax you would have had to pay as a result of a sale.
Our team of experts reviews your snapshot form and conducts a thorough appraisal of your property.
They will then make a final evaluation of your house and, if approved, will forward you the required documents to sign over your property and relieve you of all your associated responsibilities.
3-6 weeks from the moment we receive your snapshot form to the when you sign the closing documents.
If you hold a controlling interest in the corporation and the donated property has been held for more than one year, the corporation may deduct up to ten percent of the net profit of the corporation. In this case, fair market value must be reduced by the amount of accumulate depreciation.
If the corporate donor has elected “Sub. S” status, then the contribution will be reported on the individual shareholders K1 and may be deducted on the individual return.
Up to 5 years post-donation.
Our property experts will review your property during the approval process, but you are always welcome to use an independent appraiser.
We take full responsibility for any and all fees your property may have incurred once you donate your property.
Our experts will review your property and if it’s something that makes sense for both of us, we will accept the donation.