Commercial Real Estate Services
- Due Diligence Services
Property Condition Assessments Property Condition Assessments
Phase 1 Environmental Site Assessment Phase 1 Environmental Site Assessment
- Cost Segregation Study Cost Segregation Study
- Structural Engineering Design
- Stormwater Retention Pond (BMP) Inspections
- Construction Management and Monitoring
For any new construction or renovation projects we can provide draw request inspections, quality control inspections and project management services.
- Structural evaluations for increasing load requirements
Roof mount HVAC or Solar Panels, new use of existing facility, Installation of conveyor equipment in industrial applications, etc.
- Structural evaluation of concerns
Property Condition Assessments (PCA’s)
Criterium-Giles Engineers reports contain information about the structure and its components vital to investment and finance decision making. The Property Condition Assessment Report provides appropriate due diligence for the real estate transaction. Our reports comply with industry standards such as those of Standard and Poor and ASTM. Customized or abbreviated reports and formats for special needs or very large and time sensitive assignments have also been developed.
The scope of our investigation is designed to address the unique concerns and risk tolerance of our clients. We provide a list of current deficiencies and areas of deferred maintenance along with the cost to cure these deficiencies. At the end of our report is a table of capital reserve requirements.
In our standard report, we evaluate the:
- Asphalt Paving
- Structural Components
- Exterior Roofs
- Vertical Transportation
Phase I Environmental Site Assessment (ESA)ESA assessments are performed in accordance with ASTM E 1527 standards for conducting such assessments and protocols provided by the client and/or lender.
A Phase I Environmental Site Assessment includes the following:
- Site Investigation – We conduct a site visit to obtain visual evidence of the likelihood of the presence of any hazardous substances or petroleum products that indicate an existing release, a past release, or a threat of a release onto the property.
- Subject Property Use Research – Identified current and prior uses of the property.
- Adjoining Property Use Review – Review of the apparent current and prior use of all adjacent properties to assess the potential for migration of contaminants to the subject property.
- Environmental Records Review – Review of readily available public records and interviews to identify existing or potential sources of contamination.
- Physical Setting Review – General physical environmental features of the site.
Photographs shall be taken to show potentially significant environmental conditions. Cost estimates for further investigation or remediation may be prepared. Upon completion of the assessment, Criterium-Giles Engineers Inc. shall furnish you a written report outlining evidence of recognized environmental conditions in connection with the property and recommendations for future action (if any).
Cost Segregation Study
A Cost Segregation Study (CSS) is designed to provide a defensible document to support accelerated depreciation of real estate. The purpose is to reclassify 39-year assets to more tax-favorable asset classes with 5-, 7- or 15-year lives. By converting “brick and mortar” assets (depreciated in a straight-line method over 39 years) to “personal property” assets (depreciated on a double-declining basis over 5 years), the real estate owner receives earlier tax depreciation expenses, thereby improving the cash flow from the property. The benefits of a CSS are best measured in Net Present Value (NPV) savings. Typical examples of personal property include architectural millwork, electrical and plumbing supply to personal property, movable partitions, security systems, exhaust equipment, decorative lighting, emergency generators, land improvements, signage, wall and floor coverings and window treatments.
A CSS is most applicable to buildings that are newly acquired or newly built. Newly constructed buildings are ready candidates because material and construction costs have generally been calculated already. Recently acquired existing buildings are also good candidates if a significant amount of depreciation has not already been taken. Even after a few years, assets that should have been reclassified can be recaptured in the current tax year.
- Real estate construction valued at over $500,000
- Building acquisitions or improvements
- New buildings under construction
- Existing buildings undergoing renovations or expansions
Properties with the best savings potential include:
- Office buildings
- Shopping centers
- Warehouses and distribution centers
- Manufacturing and industrial plants
- Medical facilities
Contact us at (919) 465-3801 or firstname.lastname@example.org for more information, or to request an estimate complete the form below.