Property Condition Assessment (PCA) Reports quantify capital reserve requirements specific to property assets for real estate investors and lenders.
PCAs are due diligence projects associated with commercial real estate. They are important for clients seeking to know the condition of a property or real estate they may be purchasing, leasing, or simply maintaining. These inspections follow industry accepted guidelines of ASTM E2018. Often they are done as part of a property transfer and are done along with a Phase I Environmental Site Assessment.
EnviroNET works with numerous real estate agents, banks and property managers and have the reputation of the go to people to get PCAs done right and promptly. Each PCA provides an independent “third-party” evaluation of existing property conditions, and forecasts capital outlay requirements for maintenance or replacement of property assets, based on the remaining estimated useful life (EUL) of property components.
PCA Reports include a Table 1 of immediate repair items (costs to bring the property up to code or marketable condition), and Table 2 with actuarial projections for capital reserve requirements over a ten-year (typical) period. Reports also include photographs/ descriptions/ and evaluation of each building asset or component.
PCAs serve as a Risk Management tool; PCAs are often combined with Environmental Site Assessments (ESAs) to quantify potential financial liability when underwriting a loan.
PCA evaluations include roofing systems, asphalt/concrete paving, flatwork, building envelope and facades, foundations, mold, HVAC adequacy and capacity, electrical systems, local code compliance, life-safety systems (sprinklers, pumps, extinguishers, egress systems, ADA compliance), escalators, elevators, lighting, erosion control, retaining walls, furniture and fixtures, and other site-specific features.
