Partner’s Property Condition Assessments (PCAs) provide a comprehensive evaluation of your property’s condition, adhering to the rigorous standards of ASTM E2018. Our team of experienced professionals, including registered engineers, architects, and commercial building inspectors, meticulously assesses all aspects of your building to provide you with actionable insights.
Our PCA process involves a thorough examination of the property’s component systems, encompassing a visual assessment of the site, structure, mechanical, electrical, plumbing, structural, façade, roof, interior finishes, and overall amenities. This evaluation assesses the current condition, code compliance, life cycle costs, suitability for intended use, and extent of defects. Additionally, we review maintenance records, building drawings, proposed capital improvements, building department records, and conduct interviews with on-site personnel to gather comprehensive information.
Our detailed PCA report, typically ranging from 15 to 30 pages, includes an Immediate Repairs Table outlining immediate repairs, such as life safety issues, failing building systems, and deferred maintenance exceeding $2,000. Furthermore, we provide a Replacement Capital Reserve Table, estimating major capital expenditures over the next 12 years. Our report also provides a detailed discussion of each building system’s condition and necessary improvements.
Partner’s Property Condition Assessments empower you with the knowledge to make informed decisions about your property. Our comprehensive evaluations help you identify potential risks, prioritize maintenance needs, and plan for future capital expenditures, ensuring the long-term value and functionality of your property.
Newark, New Jersey Property Condition Assessments (PCAs) are different from other Commercial Real Estate PCAs in several ways.
In addition to these differences, Newark PCAs are also different in terms of the turnaround time, the level of customer service, and the availability of additional services.
Overall, Newark PCAs are more comprehensive, detailed, and rigorous than PCAs in other cities. This is because Newark properties are often older, more complex, and more likely to have hidden defects. Newark PCAs are also performed by more qualified assessors and are more rigorously reviewed. As a result, Newark PCAs are more expensive than PCAs in other cities. However, they are worth the investment for investors and lenders who want to make informed decisions about Newark properties.
