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Property Condition Assessments: The Name That Has Set The Standard For over 27 Years.
Location
5 Moore Drive Durham, NC
Total Buildings
20
Total Sqft:
2,395,540
PCA conducted a Property Condition Assessment of the Parmer RTP Portfolio at 5 Moore Drive in Durham, North Carolina. The R&D campus comprises 20 buildings totaling approximately 2,355,540 square feet across 302.08 acres, with structures ranging from one to five stories and construction dates spanning 1984 through 1992. The portfolio includes 38 elevators serving the campus.
The engagement included architectural, structural, roofing, limited building exterior, and mechanical/electrical/plumbing/limited fire- and life-safety evaluations, along with a vertical transportation assessment. PCA documented observed conditions across the campus and quantified deferred maintenance and remaining-useful-life projections for the client’s reserve and capital planning. The vertical transportation assessment produced a reserve estimate for elevator replacement timing across the 38 units, while the roofing and limited exterior reviews established repair-vs-replacement timing for near-term capital planning. The consolidated findings gave the client a defensible basis for prioritizing immediate repairs and sizing reserves across the multi-building portfolio.
