PROPERTY CONDITION ASSESSMENTS (PCAs)
To schedule an inspection with All Inspections 4U, call (954) 802-8524
Property condition assessments (PCAs) are due diligence projects associated with commercial real estate. Commercial property and building inspections (also known as Property Condition Assessments or PCA's) are important for clients seeking to know the condition of a property or real estate they may be purchasing, leasing, financing or simply maintaining. Commercial Building Inspectors generally follow industry accepted guidelines of ASTM E2018, the only recognized standard of major lenders. These commercial inspection standards help both the commercial building inspector and the client to understand the scope agreed to for the inspection including the systems or ares to be inspected, and is used as a guide to develop said scopes and procedures. Often they are done as part of a property transfer and are done along with a Phase I Environmental Site Assessment. Depending on client needs or accepted risks, and property types, some inspections can require the involvement of specialists and some can by a more generalist commercial building inspector or engineer. Of course each varying degree of review or assessment will incur various costs and time frames.
Once the inspection or Property Condition Assessment is completed, a written report (also known as the Property Condition Report or PCR) is compiled and delivered to the client within an acceptable time frame. The Property Condition Report may include such items as concerns observed, recommendations for repairs or further inspections, opinions of the likely cost of future capital project and Americans with Disabilities Act (ADA) compliance surveys.
Experienced commercial building owners, net lease occupants, commercial property investors and lenders know the importance and benefits of hiring a qualified team to perform a Property Condition Assessment.
PCAs are not to be confused with facility condition assessments , which are similar in nature but serve a different purpose.