This project was completed in support of a real estate transaction for the acquisition of industrial buildings in Charlotte, North Carolina. VERTEX completed all of the site visits and provided reports within a three-week period.
The project included in-depth evaluation of three industrial warehouse and distribution buildings with an aggregate floor area in excess of 375,000 square feet. VERTEX performed Property Condition Assessment (PCA) as well as Energy Audit and Conservation Assessment (EACA) services.
VERTEX Professionals performed a complex evaluation of moisture conditions within an occupied portion of one of the facilities, consolidating dozens of reports prepared by previous consultants and summarizing next steps to bring the issue to resolution. VERTEX developed budgets for over $200,000 in needed Immediate Repairs and estimated budgets for over $1 million in future Capital Reserve Costs. This information was utilized by the Client to assist in negotiating better terms and purchase prices for the various structures. In addition, our Energy Audit of the facilities recommended energy conservation measures including lighting upgrades, re-application of building sealants and HVAC upgrades with estimated paybacks of nearly $50,000 annually.