THE COMMERCIAL PROPERTY INSPECTION
Integri-Spec provides commercial property inspections.
A baseline commercial property inspection (referred to as a Property Condition Assessment or PCA) relies on a walk-through survey, document review, and interviews to determine the property’s condition – all performed by a professional commercial property inspector. The results of the PCA are reported in a Property Condition Report (PCR). The report includes information obtained from the PCA.
This information assists owners and buyers in understanding operation and maintenance required and also helps provide confidence to prospective investors.
The scope of the inspection needed and the specific areas to be inspected are based on various factors. Age, occupancy and type of construction are considered when determining how the property will be inspected and the performance criteria needed to complete a quality inspection. Inspections can range from a visual examination of the property, to a comprehensive inspection of all the building’s technical components.
A COMMERCIAL PROPERTY INSPECTION INCLUDES:
- Site Characteristics (paving, landscaping and utilities)
- Structural Frame and Building Envelope
- Roof Surface Areas
- Mechanical and Electrical Systems
- Plumbing Systems
- Heating Systems
- Air Conditioning and Ventilation Systems
- Vertical Transportation
- Life Safety/Fire Protection
- Interior Elements
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Property Condition Assessments
A comprehensive inspection for commercial properties, multi-family units, warehouses, and retail outlets.
Consultations
An examination of a specific component or system which requires special assessment by a qualified expert – such as engineering consults for design, foundations, roofs, or structure.
Whether you are a building owner, property manager, leasing agent, lender or tenant, you can rely on NPI to provide the property condition information you need for optimal decision-making.
Whether you are a building owner, property manager, leasing agent, lender or tenant, you can rely on NPI to provide the property condition information you need for optimal decision-making.
Common types of commercial inspections include the following:
- Prepurchase for buyers
- Pre- and post-lease for landlords or tenants
- Draw inspections on new construction
- Site review, prepurchase or preconstruction
- Investigative/problem-solving
- Consulting
Types of commercial buildings inspected include the following:
- Apartment buildings
- Office buildings
- Warehouses
- Restaurants
- Strip malls
- Convenience stores
- Medical/professional
- Churches
- Unusual: ranches, bed-and-breakfast inns, small aircraft hangers
Types of commercial clients include the following:
- Owner occupants
- Investors
- Insurance companies
- Mortgage companies
- Banks
- Tenants, for pre- and post-lease
- Landlords
- Property management companies
- Field service companies
- Architects, engineers and construction project managers
- Retailers
NPI commercial building inspectors can provide you with a professional bid to perform a thorough visual assessment of your commercial property. Options are generally provided as part of the bid package, giving you the freedom to choose the scope of work.
ASTM E2018 Standards
ASTM is a recognized leader in the development and delivery of international voluntary consensus standards. NPI’s commercial inspections are designed in general accordance with ASTM E2018 professional standards and can be customized to meet your particular needs.
Prompt Service
NPI understands the importance of timely scheduling, efficient turnaround and effective communication with property owners, brokers and managers. NPI will work with you to schedule an inspection promptly to meet your needs and deadlines.
Significant Findings
Upon completion of the inspection, your NPI inspector will present to you a report of all significant findings regarding the following:
- Roof
- Foundation
- Windows
- Heating/cooling system
- Electrical systems
- Plumbing
- Drive/parking areas
- Lot and grounds
Few properties are in perfect condition. Like used cars, older properties require maintenance and repair over time. An inspection can inform you about areas of concern, improve your negotiating position and provide you with an assessment of the property’s current condition for future reference.
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NPI can tailor the scope and objective of a commercial real estate inspection to meet each client’s need. The scope of the commercial building inspection is most commonly a comprehensive visual inspection to determine the property’s condition, documented in a written report. The objective of the inspection is normally to obtain a third-party and unbiased property inspection to identify deferred maintenance issues, such as roof and water intrusion, as well as deficiencies with structural and basic operational components of the building, such as HVAC, electrical/lighting and plumbing. The scope of inspection can be designed to meet ASTM E2018 professional standards if required. |
- Office
- Warehouse
- Light industrial
- Hotels
- Restaurants
- Apartment buildings/multifamily dwellings
- Shopping centers
- Churches
- Medical/clinic professional buildings
- Single-family rental property
Property Condition Assessments and Reports
Partner performs Property Condition Assessments and Property Condition Reports for lenders and real estate investors. During the Property Condition Assessment, Partner’s architects, engineers, and commercial building inspectors assess the subject property in order to understand the condition of the building. A Property Condition Report is generated discussing each building system and its condition. The most important parts of the Property Condition Assessment and Report are the Immediate Repairs Table and the Replacement Reserve Table, which help the client understand how the condition of the building will impact the asset’s financial performance.
Property Condition Assessments
CMBS Lenders, insurance lenders, and some portfolio lenders routinely order Property Condition Assessments (PCA), also known as Property Condition Reports (PCR) or Commercial Building Inspections. Partner prepares PCAs to meet the requirements of rating agencies such as Standard and Poor’s, as well as to the scope of work defined by ASTM E2018 Standard Guide for Property Condition Assessments: Baseline Property Condition Assessment Process. Partner’s PCA reports discuss all major building systems and site improvements and include a Replacement Reserve Table and an Immediate Repairs Table. The Immediate Repairs Table identifies capital needs and prices all failing or damaged building systems and life safety issues.
Property Condition Assessment Scope
Field Work
- Site Assessment
- Interviews
- City Building Department
Building Systems Evaluated
- HVAC Systems
- Elevators
- Plumbing
- Data and Telephone
- Boilers
- Electrical
- Fire Suppression Systems
Building Evaluation
- Foundation
- Structure
- Roof Diaphragm
- Interior Finishes
- Building Envelope
Site Improvements Evaluated
- Pavement
- Drainage
- Signage
- Lighting
- ADA Access
The Immediate Repairs Table is one of two tables included in a Property Condition Report, which identifies short-term capital needs (recommended within the next 90 days), deferred maintenance and all failing or damaged building systems and life safety issues, as well as opinions of probable costs to correct the items identified. The Immediate Repairs Table highlights items that require immediate action due to existing or potential unsafe conditions, building code or fire code violations, or conditions that if left uncorrected could result in critical failure or significant costs. Examples of immediate repairs include a lack of fire extinguishers, a failing roof system, or structural damage.