PROPERTY CONDITION ASSESSMENT (PCA)

PCA is an assessment to determin the current condition of a building envelope and site improvements. It is primarily directed at noting construction defects. or components, which seems to exhibit less than expected service life or which have been poorly maintained. The PCA  is unquestionably a standard part of a due diligence process when acquiring, leasing or funding a commercial real estate.

SEC has provided Property Condition Assessments for all type of commercial projects, including high-rise office buildings, retail centers, industrial buildings, apartment buildings, condominiums, research and development centers, and warehouses.

SEC - PCA Scope Of Work:

SEC PCA scope of service includes but not limited to the following:

• Site & Building         • Review of construction drawings
 observatory survey     & maintenance documents
• Structural systems • Mechanical, plumbing, electrical
• Building exterior       & HVAC systems (MPEH)
• Building interior     • Elevators/Escalators
• Roofing Systems     • Life safety/Fire protection
• Floors, pavements  • ADA compliance
• Garage/parking areas • Review of Code Compliance
• Drainage                       • Reporting

We prepare our reports in a standard format, following applicable American Society for Testing and Materials (ASTM) Standard (an industry standard) or tailored to our client's specific requirements.

Through and concise conclusions and recommendations with associated building repairs and deffered maintenance systems are routinely provided thereby eliminating the potential for unpleasant and expensive surprises.

When considering a commercial property for the first time, or perhaps even a seasoned buyer, its well known fact that due deligence without an inspection by a firm experienced in the diciplines of building construction, mechanical and electrical systems and environmental matters will be incomplete.

SEC is well qualified and experience to provide these services to help our clients evaluate the risk of their purchase before committing.

"We are in the business to eliminate surprises" states Henry Ijomah, SEC Exec. V. P.


Parking Garage                               High Rise Roof Top                     High Rise Office Building

A/C Chiller System Return and Supply Pipes                                  Commercial Warehouse

COMMENT FROM THE FIELD:

Louis Loyo, who manages the due deligence program at Dureck Investments in Houston Texas, says that Dureck relies on the PCA to assess the cost of "deferred maintenance". Those repairs that have to be made soon after a property is purchased in order to make it suitable for a new tenant.

"We need to know all significant costs up front, whether they are Structural or Environmental, so we can determine the ultimate return on our investment. And we do these two assessments to figure this out".