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A properly developed due diligence
program can yield significant cost savings to buyers in terms of
liabilities avoided and
cost adjustments to a particular transaction if information from
the due diligence investigation is used properly
and in the early stage of the transactional process.
DUE
DILIGENCE FOR COMMERCIAL PROPERTY
- Serving every US city and town
- Small and large properties
- Prompt, expert service
- Lowest cost
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Inspection Today ---
Wednesday, March 10, 2010
report on your desk next week |
We work with owners, buyers, sellers, lenders and attorneys to
design and conduct a cost-effective due diligence strategy to
achieve your two main goals:
- Minimize legal, financial and business risk
- Maximize investor value
This page contains information on environmental assessment and
commercial building and property
inspection.
COMPREHENSIVE
COMMERCIAL BUILDING INSPECTION
The
purpose of a Due Diligence Commercial Building & Property
Inspection is to report on the condition and adequacy of the
building structural systems and operating systems including the
remainder of serviceable life expectancy and need for maintenance,
repair, replacement and recommended upgrade.
Commercial
Building
& Property Inspection is a comprehensive
investigation of the building structure and all the systems.
Included in our inspection protocol are:
- Structure – concrete, steel and wood
components
- Building envelope – roof and sidewalls
including windows and doors
- Interior finishes – floors, walls and
ceilings
- Heating, ventilation and air conditioning
- Electrical system and components
- Plumbing system and fixtures
- Fire Suppression and life safety systems
-
Landscaping including walks, drives, parking
areas and planted areas
- Storm water drainage
SCOPE
OF WORK
The
initial concern to be addressed by Due Diligence Commercial Building
& Property Inspection is current condition.
The inspector is called upon to investigate, assess and
report on the condition of all structural components and all
operating systems as well as fire suppression
and life-safety systems and equipment.
Drives, roadways, parking and landscaping are also
inspected and the inspector walks the parcel looking for signs of
hazards or hazardous conditions on the subject property and on
adjacent properties.
For each item that is inspected it is the inspector’s intention
to do the following:
-
Establish suitability for use
-
Report on the need for repair or replacement
-
Recommend upgrades and improvements including energy use issues
-
Establish remaining serviceable life expectancy
-
Establish inspection and maintenance routines for your use during
ownership/occupancy of the building.
IMMEDIATE
AND LONG-TERM COST BENEFIT
Our
Due Diligence Commercial Building Inspection Protocol
is designed
to provide you with the information needed by you, your broker and
your real estate attorney prior to finalizing your purchase
contract or lease agreement and also to assist you in planning
for operating costs by forecasting required structural and
equipment maintenance routines and schedules.
The inspector will estimate remaining useful life of major
components and discuss the two replacement strategies which are to
replace items when they cease to be functional or to schedule
replacement in advance. The
latter is helpful when failure of a building component would cease
or slow down operations, damage equipment or inventory or make the
building or a portion of the building uncomfortable or unfit for
occupancy.
OUR
QUALIFICATIONS
Edward Devine holds university degrees in architecture and
engineering and post-university training in building codes and
commercial building inspection. With 25 years concurrent
experience in architecture, engineering, construction and
inspection and is uniquely qualified. Architects, engineers,
builders and inspectors all look at a building is somewhat
different ways and Mr. Devine is able to view a property from all
4 perspectives. You are assured of a thorough inspection and
a detailed inspection report.
Due Diligence Inspection & Assessment Services has delivered
nearly 15,000 inspection and assessment services on all types of real
estate: commercial
and industrial
buildings including apartment,
condominium and other residential property; office, call
center, warehouse, distribution, manufacturing; hotel, motel, restaurant and
club; bank, retail,
mall, plaza; gas station and automotive
service and more, and we adjust our protocol
to meet the specifics of each property type and to meet the
requirements of investors, buyers, sellers, property owners and
managers, municipalities, attorneys, brokers, bankers and other
lenders and insurance companies.
CONTACT
US
Contact our Senior Inspector to order or with any
questions you may have.
Call Edward Devine directly at (585) 738-5080.
You can also request
a quote by e-mail and we'll respond promptly.
ENVIRONMENTAL
ASSESSMENT
Complete
information available at Phase
1 Environmental Assessment
A complete Due Diligence routine includes Phase
1 Environmental Assessment. Commercial
lenders and investors routinely require environmental assessment
either as part of your application package or at minimum prior to loan
closing. In many cases the
potential for loss as a result of environmental contamination eclipses
potential costs resulting from building defects or systems failure.
Contamination on the property or under the property in soil or
groundwater or a vapor intrusion condition can have potentially
devastating effects.
LIABILITY
PROTECTION
Since
the enactment of the Comprehensive Environmental Response Compensation
and Liability Act (CERCLA) in 1980, the commercial real estate
industry has had to deal with the harsh reality that a current owner
or operator of a contaminated property could be held responsible for
cleanup of the contaminated property regardless of whether it had
anything to do with causing the contamination.
Congress enacted the
Superfund and Reauthorization Act (SARA) amendments to CERCLA in 1986
to provide liability protection to innocent landowners who unwittingly
purchased contaminated property. Commercial
real estate purchasers can now be insulated from liability by the
provisions of the Comprehensive Environmental Response Compensation
and Liability Act (CERCLA). The
act provides for the following protections:
-
Bona Fide
Prospective Purchaser
Liability Protection
-
Contiguous
Property Owner
Liability
Protection
-
Innocent Landowner
Defense
YOUR
REQUIREMENTS
In order to qualify
to apply for these
defenses commercial real estate purchasers must perform All Appropriate Inquiry (AAI). As
a practical matter purchasers transfer most of their responsibility
for AAI to an
Environmental Professional who performs AAI as part of a
comprehensive Environmental Assessment.
When the Assessment is fully and correctly completed by an
Environmental Professional the purchaser may apply for CERCLA
liability protection should it ever be necessary.
OUR
QUALIFICATIONS Our
Environmental Professional holds university degrees,
post-university environmental training and continuing education and
also experience as a certified environmental laboratory
director. Due Diligence Inspection & Assessment Services has
25 years experience assessing all types of property: commercial
and industrial;
apartment,
condominium; office, call center; warehouse, distribution,
manufacturing; hotel, motel, restaurant and
club; bank, retail,
mall, plaza; gas station and automotive
service and vacant and forest land. We adjust our protocol
to the specific characteristics of each property type and to meet the
requirements of investors, buyers, sellers, owners,
municipalities, attorneys, bankers and other lenders, brokers and insurance companies. CUSTOMIZATION
We'll customize your Due Diligence Building and Property Inspection
& Environmental Assessment services
to fulfill your needs and meet your expectations
on time and on budget.
DISCOUNTS
Discounts
are available when you order multiple Due Diligence services at
the same time including Phase
1 Environmental Assessment, Environmental Site
Assessment (ESA), Vapor
Intrusion Assessment (VIA), Commercial
Building Inspection and Property
Condition Assessment (PCA). See our pricing policy below.
Commercial Building and Property Inspection
and Environmental Assessment are indicated for:
-
Purchase
-
Sale
-
Sale/Leaseback
-
Lease
-
Asset
Management
-
Financing
-
Refinancing
ORDERING
INFORMATION
Contact our Environmental Professional
and Senior Inspector to order or for more information.
Call Edward Devine on his direct line at (585) 738-5080.
You can also request
a quote by e-mail and we'll respond promptly.
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