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Property Condition Assessment (PCA)

Parthenon Commercial Corp. provides commercial property assessment and consultation services.

A Property Condition Assessment (PCA) is a comprehensive evaluation of the overall physical condition of a property and the systems and components within. This assessment provides a visual assessment of the nine major systems and components within a commercial property including:

SITE COMPONENTS
BUILDING ENVELOPE & STRUCTURE
ROOFING SYSTEM
MECHANICAL, ELECTRICAL PLUMBING

Benefits to Clients

Performed during Due Diligence timeframe, this assessment reduces exposure to unforeseen costs after a real estate transaction.

Identifies an order of magnitude to determine budget allocations for life cycle costs.

Establishes a current condition of rental spaces, for either tenant or owner.

Property Types

RETAIL CENTERS
INSTITUTIONAL BUILDINGS
RELIGIOUS BUILDINGS
MULTI-UNIT RESIDENTIAL HOUSING
INDUSTRIAL BUILDINGS
WAREHOUSES
OFFICE BUILDINGS

Characteristics

Review of building document to include building plans, maintenance agreements, etc. are used to provide background on the property.

Questionnaires and interview are conducted to gather information from sources that maintain the building or work within.

A site visit is conducted to identify any physical deficiencies, gather detailed information on existing systems and components, and establish preliminary life cycle costs.

An opinion of probable cost is provided, through a replacement schedule, to provide an understanding of estimate cost for identified repairs and replacements over a specified timeframe.

Industry Standard

ASTM E2018 Standard Guide for Property Condition Assessments

Customization

Assessment can be tailored to specific real estate needs such as, but not limited to:

Pre and post lease inspections

Evaluation of individual systems or components

Can include a benchmarking of the building’s energy performance