300,000-Square-Foot Office

SAN DIEGO, CA

2015 Assessed Value $83,600,000
2015 Final Value $57,700,000
2016 Assessed Value $84,900,000
2016 Final Value $57,700,000
Tax Savings Excluding Interest $625,000

 

With the departure of a prominent tenant, a 300,000 square foot office building in downtown San Diego was left approximately 70% vacant. Referred by our Asset Services group, which was managing the building, we were able to successfully contest the assessed value, which resulted in considerable savings for the owner/client.