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      • Commercial Inspection Training
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Acquisitions & Planning

  • Home
  • Services 
    • Equity PCA
    • WBTreece Construction
    • Campus Asset Advisors
    • Building Revenue Assessment
    • Capital Needs Assessment
    • Hotel Renovation Consulting
    • Property Condition Assessment
    • Environmental Site Assessment
    • Capital Reserve Study
    • Cost Segregation Study
    • Triple-Net Lease Inspection
    • Facility Condition Assessment
    • Commercial Building Inspection
    • Construction Loan Monitoring
    • 203k Consultants
    • Grease Trap Inspection
    • Property Portfolio Review
    • Commercial Energy Audit
    • Structural Assessment
    • Commercial Inspection Training
  • Projects
  • About
  • Contact Us
  • …  
    • Home
    • Services 
      • Equity PCA
      • WBTreece Construction
      • Campus Asset Advisors
      • Building Revenue Assessment
      • Capital Needs Assessment
      • Hotel Renovation Consulting
      • Property Condition Assessment
      • Environmental Site Assessment
      • Capital Reserve Study
      • Cost Segregation Study
      • Triple-Net Lease Inspection
      • Facility Condition Assessment
      • Commercial Building Inspection
      • Construction Loan Monitoring
      • 203k Consultants
      • Grease Trap Inspection
      • Property Portfolio Review
      • Commercial Energy Audit
      • Structural Assessment
      • Commercial Inspection Training
    • Projects
    • About
    • Contact Us
Call Now
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The Parking Lot

3 Reasons Why Parking Lot is a Wreck

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3 Reasons The Parking Lot is a Wreck

Exposed

The parking lot is considered a wreck because: it is either too busy or too exposed. When a parking lot is too busy, there is a higher chance of accidents, as drivers are in a hurry to find a parking spot. On the other hand, when a parking lot is too exposed, it is more vulnerable to damage caused by natural elements such as heavy rain, snow, and wind. Both situations can lead to a damaged and less functional parking lot.

Deferred Maintenance Property

The parking lot is considered a wreck due to deferred maintenance and not being resealed every 5 years. Without regular maintenance, the asphalt surface can start to crack and break apart, leading to potholes and other damage. If the parking lot is not resealed every 5 years, the surface can become more vulnerable to damage from weather and regular wear and tear, leading to costly repairs and potential safety hazards for drivers and pedestrians.

Drainage System

The parking lot is considered a wreck because it doesn't have the right drainage system. Without proper drainage, water can accumulate and cause damage to the asphalt surface, leading to potholes and other issues. Additionally, standing water can create safety hazards for drivers and pedestrians, especially during wet weather conditions.

To ensure that the parking lot is well maintained, the building owner should:

  • Regularly maintain the parking lot by fixing cracks and potholes as soon as they appear.
  • Reseal the parking lot every 5 years to protect it from weather and regular wear and tear.
  • Ensure that the parking lot has proper drainage to prevent standing water and potential safety hazards.
  • Consider installing security cameras or other safety measures to prevent accidents and theft.
  • Provide clear signage and markings to help drivers navigate the parking lot safely.

Our Due Diligence Services:

Capital Needs Assessment

Capital Reserve Study

Construction Draw Inspections

Property Condition Assessment

Facility Condition Assessment

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