Eighteen (18)
story, 160,000 square foot downtown office building, built in 1929.
Property owned
and primarily occupied by a non-real estate owner (insurance company).
Owner/occupant
had persistent turnover of in-house building management personnel.
Property
suffered from deferred maintenance, inefficient
operations, and no long-term capital replacement plan.
Property
Business Plan
Review and rebid
all vendor services.
Identify
immediate repairs and cost saving’s opportunities in
operations.
Develop plan for
reducing expenses of 24-hour, 7-day per week HVAC operation.
Results
Rebid
preventative maintenance services for air conditioning units and gas
boilers adding twice the amount of equipment maintained at the same
total costs.
Began monitoring
master heating and cooling controls that resulted in $24,000 savings
per year in reduced utility expenses.
Contracted for
new trash collection service with savings of $9,600 per year and new
janitorial service with savings of $12,000 per year.
Repaired air
control compressor and replaced one roof. Both below
owner’s contractors initial bid for total savings of $11,450.
Used in-house
maintenance personnel (vs. outside contractor) for cooling
unit serving tenant space with savings of $4,950 per year.
