A Property Condition Assessment (PCA) – or a building assessment – is the visual assessment of a building that is performed to evaluate its physical condition. It is a critical step in understanding costs, risks, and opportunities related to a commercial real estate transaction. Typically written to the most current ASTM standard, the scope can go as in-depth as necessary to fit your needs.
The typical scope of a PCA includes a visual inspection of the property by a professional and provides a report with documentation outlining the findings of the inspection, including any physical deficiencies or needed maintenance.
Once a PCA is completed, it will generate a Property Condition Assessment Report of the building and its condition. This includes an Immediate Repairs Table and Replacement Reserve Table, which will help you understand how the building’s condition will impact the financial performance.
AEI is a leading provider of property condition assessments throughout North America. Known for responsive and thorough service, our experienced team assists clients during acquisition due diligence, financing, asset management, and disposition of commercial real estate assets.
Our Building Assessment team is highly skilled in providing a holistic view of a building’s condition through Property Condition Assessments (PCAs), seismic risk evaluations, energy efficiency and building energy performance assessments, structural and retrofit assessments, climate risk and resilience assessments, and more.
Reach out to speak with one of our property condition assessment consultants for a quote today.
What does a Property Condition Assessment (PCA) include?
