MARKET SPOTLIGHT: 

DEKALB MARKET: DEMAND FOR HEALTHCARE

By Justin Carswell

Dekalb County is Georgia’s fourth largest county, home to world renowned educational institutions, and is the leading market for public health and life science. Therefore, it’s no surprise that the county has targeted the healthcare industry as one to help meet the community’s goals for growth and development. 

 

In 2018, Emory and Dekalb 

Medical merged to create Emory Decatur Hospital. The commercial real estate market surrounding the hospital is currently 90 percent occupied. In addition to the hospital system, the area offers other benefits that appeal to businesses including location, quality of life, and access to I-285 and MARTA. 

 

Emory is a tenant in one of McWhirter’s six medical buildings across the street from Emory Decatur Hospital. The buildings total 103,853 SF with only 3,937 SF vacant over three (3) separate suites, which speaks to the strength of this medical market. 

 

If you’re interested in exploring options for healthcare real estate in the Dekalb market, we’re interested in helping!

 

CONSIDERING A COST SEGREGATION STUDY? 

Our CFO provides an overview of the benefits and why it’s important to act soon.

By Bill Roden

Cost segregation is a common practice that allows real estate owners or investors to increase cash flow by accelerating depreciation expenses to reduce taxable income. A cost segregation study assesses and then reclassifies building components and improvements from real property to personal property. The personal property assets can then be depreciated over a shorter 5, 7, or 15 year schedule rather than the traditional real property 27.5 or 39 year schedule. The personal property component comprises an average of 20 – 35 percent of total building costs and includes items such as cabinets, carpet, lighting, electrical outlets, parking lots, and landscaping. 

 

The Tax Cuts and Jobs Act of 2017 made the benefits of a cost segregation study even more favorable. Bonus depreciation is now allowed at 100 percent for both new and existing buildings acquired or placed into service after September 17, 2017, through the 2022 tax year. The previous bonus depreciation was 50 percent and only allowed on new property. Additionally, assets reclassified as personal property are now eligible for bonus depreciation that can be fully depreciated in the first year of ownership. The new tax benefits will be phased out beginning in 2023. 

 

All real estate owners and investors can potentially benefit from a cost segregation study. A study is typically completed in the first year after an acquisition or completion of construction. The IRS also allows a “look back” study. This tax rule lets owners “catch up” in a single year depreciation that could have been taken had a study been performed in the first year. To investigate the benefits of a study, owners and investors should engage qualified cost segregation firms along with their CPA firm to complete an upfront analysis to confirm that the tax reduction will outweigh the cost.

 

Coming Soon

Exciting News

 Since our founding in 1981, McWhirter has been consistently recognized as a top-producing real estate firm. We’re proud of the work we have done, but more importantly, we’re proud to have built long-lasting, trusted relationships with our clients. And now, McWhirter is evolving to serve you even better. The commercial real estate market has changed, and we’re changing, too. We can’t wait to share more news—look for updates soon!

 

IS YOUR COMMERCIAL PROPERTY PREPARED FOR HURRICANE SEASON?

By Greer Hughes

Each year, hurricane season storms cause costly damage to commercial properties. Wind damage is consistently the number one cause of storm-related damage, followed by water and flood damage. What’s more, significant damage can cause a business to be shut down resulting in lost revenue. Taking the time to properly ensure your property is protected is time well spent. 

 

Here are some steps to protect your property: 

1. Review property insurance policies. 

2. Inspect and properly seal windows. 

3. Reinforce overhead doors. 

4. Check gutters and roof sealants. 

5. Inspect wall systems and secure soffits. 

6. Trim low hanging tree limbs. 

7. Secure objects around the building that can be lifted by air such as trash cans, benches and temporary signs. 

8. Prepare emergency supplies and first aid. 

9. Back-up property records and files remotely. 

 

Review and Asses 

Even if your property was left unscathed, owners and property managers need to reflect on what was done well and what can be improved for future hurricane preparedness. 

PROPERTY

PROPERTY SPOTLIGHT

FOR LEASE: OFFICE SPACE 

1505 Stonebridge Parkway 

Suite100 

Woodstock, GA 30189

 

31,764± sf Class-A medical office space located in the heart of the Woodstock/Cherokee County market near Towne Lake Parkway.

 

Property Details: 

• Suite 100: 3,440± sf 

• Move-in ready space 

• Free, ample parking 

• No medical restrictions 

• Easy access to I-575 

• Competitive lease rates and generous buildout allowances