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Commercial Asset Preservation, LLC, ("CAP") was formed to meet the need for a national provider of general maintenance, preservation, and inspections/evaluations of abandoned and nearly vacant commercial, industrial and multi-family real estate.
General maintenance and preservation consist of the tasks necessary to ensure that the property retains value and does not deteriorate from the physical state it is in when initially vacated, become subject to vandalism, or receive a citation from the local governing authority for its physical condition.
Historically, only a small percentage of the commercial properties in the United States were defaulted, vacant or abandoned.
As a result, until now there has not been a need for a national provider of general maintenance and preservation of abandoned and vacant commercial real estate.
However, since 2007, the downturn in the economy has caused a sharp decline in commercial occupancy rates.
At the same time the number of defaulting commercial properties is growing, with expectations of severely worsened numbers yet to come.
As such there is an unprecedented and growing need for a national provider of general maintenance and preservation of abandoned and vacant commercial real estate.
CAP's commercial maintenance, property preservation, and inspection/evaluation services are available to all of the parties involved in the commercial real estate industry. These parties include:
CAP services all types of commercial real estate including: