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A PCA is typically required prior to acquiring a real estate property or for financing/refinancing purposes. Often times it is also a requirement of lenders in order to assure the building is in satisfactory condition. It can also be a tool for investors to negotiate the best possible price for the property or dictating repairs before the building transaction is complete.
Commercial properties include (but not limited to):
• Retail Stores
• Manufacturing plants
• Industrial properties
• Strip Malls
• Restaurants
• Churches
Level of Service can also include the coordination of the following:
• Building Code and Fire Code Violation Inquiries
• Fire Safety Inspection
• Environmental Site Assessment (Phase 1)
• Indoor Air Quality Assessment
• Extended Schedule for Major Repairs and Replacement (5 year)
Fees – Commercial Inspections
• Commercial Inspection $800 min
• Roof condition Assessment $425 min
• Problem Investigation $425 min
• Expert testimony $800 per half day, $1500 full day
The ASTM E2018-15 standard defines good commercial practices for conducting a baseline Property Condition Assessment (PCA) of the improvements of commercial real estate by performing a walk-through survey and conducting research. The entire Standard is 21 pages long and available from ASTM at their website, www.astm.org
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