Understanding the condition of a structure, as well as the major building systems and components, can be critical to determining the economic viability of a commercial real estate transaction. LandAmerica Assessment Corporation (LAC) has extensive resources including licensed engineers, registered architects, construction experts, and cost analysts to accurately assess the condition of a property and its systems. Our services include:
Property Acquisition Assessment
Due to the complexity and/or age of some properties, a more comprehensive assessment of some or all building systems may be in order. LAC can mobilize a team of construction professionals and other specialists to inspect a building. The assessment will identify, locate, and quantify significant defects, deferred maintenance, required upgrades, and obvious code violations at the property.
LAC provides experts in the following areas:
- Structural and building envelope integrity
- HVAC and other mechanical and electrical systems
- Fire and life safety provisions
- Architectural features and systems
- Zoning and building code compliance
- ADA Audit
- Site work, paving, landscaping, and utilities
Property Condition Assessment
LAC’s Property Condition Assessments are based on a site visit where external and internal building components, department records, and drawings are evaluated. The assessment also includes interviews with property managers and engineers. Replacement repair cost estimates are based on the physical condition of the components, their ages, expected useful life, significant defects, and deficiencies.
Seismic Analysis (Probable Maximum Loss)
LAC specializes in conducting probabilistic studies of the expected loss to buildings from damage associated with earthquakes and are used to characterize the earthquake vulnerability of buildings. The reports assess the probable and scenario loss potential. They are intended to allow the user to satisfy a critical part of the transactional due diligence requirements with respect to assessing a properties’ potential for building losses associated with earthquakes.
For more detailed information about our engineering services, please email us or call us, toll-free, at 1-866-442-3011.