There are several valid reasons to have a commercial property inspected. The building might be designated for sale. Or, an investor may be looking at the property to purchase and then intends to lease sections of it to tenants. Whatever the reason, a full inspection of the building – especially if the age of the building warrants concern – is a safe, smart decision.
If you are intending to sell the building, a Baseline Commercial Property Inspection is necessary. The American Society for Testing and Materials calls this a “PCA”, or Property Condition Assessment. A PCA includes a walk-through survey, document review, and an inspector conducts interviews to determine the building’s condition. Next, the results of the PCA will be reported in a Property Condition Report (PCR).
The baseline inspection helps owners and buyers to understand what operations will be required in the selling process and the types of maintenance required. Prospective investors can gain confidence by viewing the full report conducted by the inspection team.