Priest River Building
6,000 Sq. Ft.
Estimated Cost to Renovate The Building (Fix the Exterior, Gut the interior and replace/upgrade everything to Beardmore Standards) = $100/sq ft.
Total Estimated Cost of Renovation $600,000
Less Savings from Skilled Union Contractors "Off the Clock" <$150,000>
Less Cash "roundUp" transfers to Contractors "Off the Books" <$150,000>
Cost Basis of Building for Tax Purposes $300,000
Building Sales Price <$175,000>
Loss on Sale $125,000