As a due diligence consultant, it is very important to see commercial buildings in the big picture, not just the leaking roof, or broken doors.
Our purpose is to tell the honest truth about the history and current state of the building, but more importantly, it is the expertise CBC brings to each job that allows us to go the extra mile for our clients.
The most recent example of this was the septic inspection that you read about in my last blog post. From here on out, I will be able to quickly run the numbers in my head and estimate on site if the existing drain fields and septic tank sizes are adequate to the prospective use of the property.
These are the skills that I can begin to acquire to really bring myself up to level of inspection that CBC expects. As the learning process continues, I have seen yet another example of how CBC sets themselves apart from all other due diligence firms.
The Warehouse Inspection
A recent inspection was completed on a large warehouse property. There were previous interior renovations to make it an office space, as well as a pre-engineered metal warehouse building with a built-up mezzanine. The overview of the typical due diligence items appeared to be in fair condition–nothing was noted as a possible deal-breaker for our client.
However, it is our job to take a step back and look at the big picture.
When I did this, there were some serious concerns.
The property has more than 12,000 square feet of fully occupied office space, and no fire suppression system. The current code in the state of Florida calls for any office building of more than 8,000 square feet to be equipped with a sprinkler system. This was the first red flag.
The second was an electrical issue.
The main disconnect was nowhere to be found for a majority of the inspection. At the end of my visit, I discovered it boxed-in behind the structural steel members of the newly constructed warehouse building.
The main disconnect is, by code, supposed to have at least three feet of clearance in each direction from all structural members and accessible in case of an emergency.
After further research into the permit history on the property, no permits were found.
These findings aren’t meant as a conclusion. It is only meant to advise our client in the needs which should be addressed and further investigated.
Our purpose at CBC is to ensure that our clients have a complete understanding of the physical structure and the state of any purchase they may engage in.
This attention to detail and commitment to the facts provides a level of service that is unrivaled in the due diligence field.
-Colin Trotter, Project Engineer