CCA's Property Condition Assessments (PCAs) are provided by a team of multi-discipline professionals who perform a thorough evaluation of buildings and ancillary areas. Baseline PCAs are general in nature and designed to identify significant problems with an associated high cost of repair. Detailed PCAs comply with ASTM and/or Standard and Poor's standards (as appropriate) and are more comprehensive. The findings can be used for establishing building repair budgets or maintenance schedules.
PCAs provide an analysis of a building or facility (including site features such as parking lots) to help establish an owner’s or buyer’s risk due to the condition of the facility. The analysis includes architectural, structural, mechanical, and electrical systems. The scope and depth of the analysis follow national guidelines (as appropriate) including ASTM Standard Guide for Property Condition Assessments: Baseline Property Condition Assessment Process E2018-01.
CCA can provide general or detailed descriptions of existing conditions including photographic and video documentation of observed deficiencies.
These baseline surveys are often utilized by owners or tenants to determine existing conditions at the time of tenant first occupancy. Condition surveys are also utilized in the construction industry to provide baseline conditions prior to construction activities.
A structural assessment checks the adequacy, structural integrity, and soundness of structures and their components.
CCA’s Professional Engineers provide assessments of structural members like columns, beams, joists, load-bearing walls, slabs, roof decking, and foundations. Structures and connections are checked for safety, code compliance, and fit for purpose. Amongst other items, cracks, excessive movements, bowing, deflections, differential settlements, evidence of distress, and material deterioration are checked and evaluated.
Buildings and structures need a periodical inspection to ensure structural safety, strength, and stability under prescribed loads. CCA’s Professional Engineers assess structures to make sure they meet current or planned / future requirements and conform to current building codes.
CCA performs Energy Audits to identify how energy efficient a building is running and to determine how to increase its efficiency and reduce consumption costs.
CCA's Professional Engineers evaluate a building’s potential for Energy Savings. A review of utility usage, coupled with a detailed site walk, results in recommended actions for building improvement for both low/no-cost opportunities and longer-term capital-intensive projects.
Environmental Site Assessments
Environmental Site Assessments (ESAs) identify and evaluate recognized environmental conditions.
Failure to identify recognized environmental conditions before a property is purchased may result in liability for the new owners and lenders and can cause a reduction in the collateral value of the real estate.
Phase I ESAs are critical when evaluating risk prior to purchasing or financing a property. To adequately evaluate this risk, CCA performs ESAs following the American Society of Testing and Materials (ASTM) Standard Practice 1527-05.
Phase II ESAs are often needed if unresolved Recognized Environmental Conditions are identified during Phase I ESAs. Our most common Phase II Environmental Site Assessment services include subsurface soil investigation, groundwater surveys, soil gas surveys, and under-slab soil collection.
CCA’s experts evaluate assets to provide owners and insurance companies accurate dollar values of building property and equipment.
Accurate asset valuation is necessary to establish correct values for insurance purposes whether the purpose is to determine replacement costs in response to a weather-related incident or to determine the insurance costs. Owners want to pay proper insurance rates based upon their assets of worth. Insurance companies want accurate values for all assets.
CCA recently performed a valuation of over 2 billion dollars worth of assets at a facility in New Jersey at the request of the owner and insurance company. CCA provided accurate asset values for above-ground and below-ground assets so that the insurance market could model earthquake and hurricane impact scenarios providing the owner and broker the information needed to establish appropriate insurance premiums.
Performing property condition assessments to determine thorough Capital Expenditure
CCA’s team of professionals performs property condition assessments prior to acquisition to determine a thorough Capital Expenditure (CAPEX). When considering new acquisitions, condition assessments are essential to quantify the cost of necessary improvements over a multi-year period, allowing potential buyers to determine the “real” cost of acquisition.
Recently, our experts completed a CAPEX for a multi-billion dollar acquisition in Phoenix, Arizona. CCA provided detailed expenditure plans with the necessary improvements to keep the facility up to the owner’s standard for around 10 years thereby increasing the life, value, and usefulness of its assets.