Commercial Property purchases or refinancing real estate can be very stressful and can contain unknowns that add to that stress. Investors use due diligence to ensure they understand the risks associated with investing in commercial properties. A Property Condition Assessment is an inspection that provides a broad overview of the condition of the building and can note any defects in the building’s systems. A comprehensive assessment includes evaluation of all building systems for condition, remaining useful life, and overall safety.
Our GEC professionals, including multi-state licensed engineers, have decades of combined experience with various commercial properties, including: multi-family residential and mixed use, retail, food service, industrial, and various other property types. Lenders, real estate groups and REITS, buyers and sellers, all gain valuable insight by hiring GEC to complete their property transaction services.
Our flexibility in scope ensures that our clients have control over the process and our easy-to0read reports provide valuable information in a practical way. We can also include cost estimating, if requested, to help investors and lenders prepare for likely expenses ahead of time.
Sometimes, a commercial building needs to be evaluated because of problems or potential problems, rather than as part of a purchase or refinance. These inspections are usually smaller in scope and focused around a specific component or problem. GEC’s knowledgeable staff will assist in identifying problems and solutions for all your commercial property needs.
GEC Commercial Building Inspections and PCA’s may include:
- Exterior of building(s)
- Parking areas, sidewalks, and landscaping
- Structural systems
- Interior layout and finishes
- Elevator and fire safety systems
General Engineering Company performs PCA services based on the international standard ASTM E2018-15, Standard Guide for Property Condition Assessments: Baseline Property Condition Assessment Process. Our staff have attended trainings by Carson Dunlop Weldon, an internationally-recognized PCA training group.