Property Condition Assessments
Terracon’s facilities services professionals have performed property condition assessments (PCAs) for thousands of commercial real estate properties of all types and sizes throughout the United States. Terracon understands the level of due diligence needed to properly assess and evaluate properties for lenders and investors, before acquisition and/or disposition. We provide accurate and comprehensive reports to our clients for individual as well as portfolio assignments.
Our reports furnish the information needed by lenders and investors to complete real estate transactions. Reports can be tailored to meet the specialized needs of our various clients.
Terracon’s standard PCA report includes Capital Reserve Budget estimates for each of the major property components and provides Expected Useful Life Projections (EUL), Remaining Useful Life Projections (RUL), Initial Reserves and Repair/Replacement Cost Estimates over the defined term requirements.
Terracon’s reports address the following major building systems and issues:
- Document Review
- Site Drainage
- Site Infrastructure
- Pavements
- Structural Elements
- Building Envelope
- Roofing
- Architectural Finishes
- Life Cycle Cost Analysis
- Vertical Transportation
- Mechanical
- Electrical
- Plumbing
- Fire Protection/Life Safety
- Amenities
- ADA
Terracon’s evaluations and assessments can also be utilized on an ongoing basis after acquisition by property owners to assist in capital expenditure decisions. This can include periodically inspecting and observing building conditions for evidence of excessive wear that could lead to premature and costly failure.
Contact Us today to learn more.
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