Commercial real estate is a huge investment, and just like when buying a house, it’s a good idea to have a commercial property inspection completed before you make a decision either way. If you’re considering purchasing a property here in Keene, New Hampshire or anywhere in the Monadnock region, hire True North—an inspector that is trained and certified to look for issues with the property and prepare the findings in an ASTM-formatted report. This will give you a better idea of the future costs associated with the building—and whether to walk away or take the deal.
About Commercial Property Inspections
As you know, no two properties are exactly alike. There are two specific types of commercial property inspections that True North can provide, essentially covering all situations:
Property Condition Assessments
A Property Condition Assessment (or “PCA”), is an unbiased commercial real estate due diligence assessment that is useful for sellers, buyers, lenders, commercial property owners, investors, and insurance agencies. The outcome of the PCA is referred to as a Property Condition Report (or “PCR”). The information in a PCR is vital for forecasting expenses when preparing to purchase commercial real estate, maintaining a property that you already own, and more.
Facility Condition Assessments
If a commercial property consists of multiple buildings on one campus—such as dormitories at a school or university with on-site living—you’ll need a Facility Condition Assessment (or “FCA”). This is essentially an in-depth inspection of all of the buildings, determining how they function and helping property owners determine how to move forward with any needed quality-of-life improvements. In an instance where a university sees a decline in students choosing to live on campus, an FCA can be extremely useful to identify the potential causes and how to effectively solve them.
What Kinds of Commercial Properties Will True North Inspect?
Simply put, True North can inspect commercial properties of all sizes. From small standalone buildings to large facilities with multiple dormitories, we approach every commercial property inspection with a keen eye for detail. We’ve previously inspected properties such as:
- Apartment buildings
- Banks
- Gas stations
- Historic properties
- Large outdoor plazas (over 700,000 square feet)
- Multi-unit housing facilities
- Strip malls and retail centers
What Are the Benefits of a Commercial Real Estate Inspection?
There are various reasons for having an inspection completed for a commercial property, depending on the parties involved:
- Negotiating the sale price of a commercial property, for the potential buyer of commercial real estate
- Approval of a loan, for the commercial real estate lender
- Insurance evaluations, for either the owner of the property or insurance agency
- Forecasting future maintenance costs or capital/strategic planning, for the owner of the property
- Triple-net leases, for either the commercial landlord or tenant where the tenant is responsible for building maintenance and repair
Why Choose True North for Your Property Inspection?
John Brewster is the Northeast field inspector for WB Treece Consultants, a national firm with field inspectors located throughout the country and additional sites in the Southeast, Midwest, Southwest, and Pacific Northwest. As a result, our property inspections are completed to some of the highest standards in the United States. We:
- Follow the industry accepted standards of ASTM E2018 and CCPIA
- Are fully trained, licensed, insured, and certified to inspect commercial properties in the Monadnock region, as well as in the state of Maine
- Provide clear, concise reports written by hand, as well as images to further support our findings
- Provide 24/7 customer support to answer your burning questions whenever they arise
- Have over 25 years of experience
Schedule Your Commercial Property Inspection
True North is ready to help you make one of the most important decisions for your business with a professional commercial property inspection. Use our online booking tool to schedule your inspection in Keene, NH, and the Monadnock region.