Industrial Conversion to Data Center

CHICAGO, ILLINOIS

Original Market Value $20,274,860
Final Market Value $7,156,276
Tax Savings $596,485

 

The subject property was recently acquired to be developed into a data center. Despite the purchase price and the planned development costs – which were significantly higher than the subject property’s proposed value – we were able to quantify an obsolescence adjustment and convince the Assessor’s Office that it was warranted. Our valuation expertise and advocacy skills provided for a reduction without the need for a third-party appraisal or the engagement of an attorney.