The Importance of Property Condition Assessments

September 17, 2020

Property Condition Assessments (PCA) are inspections associated with the commercial real estate industry during the due diligence phase of a potential acquisition. Commercial property and building inspections are important for those seeking to know the condition of a property they may be purchasing, leasing, financing, or simply maintaining.

The PCA report may include:

  • Areas of concern
  • Recommendations for repairs or further inspections
  • Projected costs of future capital projects
  • Compliance surveys

A PCA is critical as it helps set financial expectations. When you purchase a building, you should have an entire cost analysis performed, which will include any maintenance or repairs required. The PCA is critical to this analysis. The last thing you would want to do is purchase a building and only allocate for a certain dollar amount, to only find out there may be additional cost issues, such as needing a new roof or having an issue with the structure.

Experienced commercial building owners, net lease occupants, commercial property investors, and lenders know the importance and benefits of hiring a qualified team to perform a property PCA.

For the last 26 years, the FGX Group has had direct experience with general contracting and knows how buildings are constructed from the ground up. We understand the value of what a PCA provides an entity looking to purchase a new property. We typically oversee projects from concept through construction completion and owner occupancy, so we understand what issues to look for.

It is crucial to rely on a partner who has experience with inspections because what could be visible to our team may not be seen by you or other contractors, which could result in unnecessary cost repairs. We will be that partner for you – and we won’t sugarcoat anything. We believe that being honest and transparent with our clients is in their best interests. Our priority is setting expectations around what the true cost improvements could be.

If you are looking to purchase a commercial property in the future or are currently doing so, reach out to Frank Gallagher for further information on how the FGX Group can help you with your property condition assessment.



26 Treaty Dr, Wayne, PA 19087




Skip to content