As with any major decision, a good amount of due diligence should be conducted during a commercial real estate transaction, including obtaining any important information about a building.
The purpose of a PCA (Property Condition Assessment) is to provide an overall view of the general condition of a property as can be determined by a non-invasive, visual inspection.
For the buyer
The report serves as a guide as to the possible upcoming maintenance items associated with owning any type of property.
For the seller
The report provides an overview of how well a property has been maintained, especially if the property has been leased to a business.