Reasons to invest in the Best Environmental Phase 1 Site Assessment?

1. Reasons to Invest in the Best Environmental Phase 1 Site Assessment What is an environmental phase 1 site assessment? An environmental phase 1 site assessment is commonly known as an ESA or Phase I ESA. It is a process that is done to investigate the current and past uses of a property as part of a commercial real estate transaction. Reputed phase 1 environmental site assessment companies will help you to understand if current or historical property uses have affected the soil or groundwater underneath the property and could pose a warning to the environment or human health. If these problems are detected, it offers a potential liability for the lender or property owner, as well as altering the value of the property. An environmental phase 1 site assessment is performed before a real estate transaction can be used to satisfy the demands of CERCLA’s (Comprehensive Environmental Response, Compensation and Liability Act) innocent landowner protection under All Appropriate Inquiries (AAI). Environmental phase 1 site assessment reports can be created on all types of properties including agricultural, multi-family residential, vacant land, commercial, and industrial uses. Nevertheless, all ASTM environmental site assessment reports are made to comply with ASTM E1527-13 (exceptions are made for properties comprised of large primarily underdeveloped land, which can be examined under ASTM E2247-16).

2. Services of phase I environmental site assessment ASTM standard typically cover the following: • A complete site visit to inspect current and earlier conditions and utilization of the property and neighboring lands. • A survey of federal, tribal, state, and local administrative databases including, but not limited to, underground storage tanks (USTs), aboveground storage tanks (ASTs), known or suspected release cases, the storage of dangerous substances and disposal of hazardous garbage including petroleum products, and institutional and engineering controls. • A complete review of past records, such as old aerial photographs, historical city records, fire insurance maps (Sanborn maps), and historical topographic maps. • A review of state and local bureau reports, including but not limited to state environmental firms, Fire Departments, Building Departments, and Health Departments. • Discussions with current and past property owners, operators, and residents, or others who are familiar with the property. • Meetings with the User for legal records that are used for environmental liens and use AULs limitations; specific expertise or experience; commonly known or reasonably ascertainable information; the cause for a cheaper buying price; and the reason for the preparation of the Phase I ESA. It is the User responsibility to provide this information to qualify for the innocent landowner defense. This environmental phase 1 site assessment research is evaluated by the Environmental Professional or EP to identify possible environmental hazards to the property such as current or historical works that are known or assumed to have usage of dangerous substances or petroleum products during onsite operations. Some very common uses of concern are dry cleaners, auto/vehicle repair, gas stations, printing operations, and manufacturing. In addition to potential soil and groundwater pollution, ASTM E1527-13 addresses the concerns associated with contamination in soil vapor and the potential for vapor migration to pose a warning to onsite and offsite tenants.

3. Conclusion: As a part of the lending process, banks expect that a property undergoes a Phase 1 Environmental Site Assessment so that due diligence is done prior to any money transferring hands for a real estate transaction. As a buyer, you are getting the peace of mind that your land has been reviewed and environmental risks have been ruled out. Otherwise, once the land is sold, you may be responsible for the cleanup, remediation, or other factors that contribute to the health and safety of those who are using the property. This can create financial losses due to litigation, injury, construction, or even be determined to be a serious risk for your lender. Dodging the hassle of these circumstances with top phase 1 environmental site assessment companies will allow you to proceed with your property investment without the darkness of uncertainty swinging over your head. If you are spending your valuable time searching for “Phase 1 environmental site assessment companies near me" then sit back and relax as we environmental assessment company are here to help you. Being one of the most trusted Phase 1 environmental site assessment California firms, Fulcrum is offering you top site assessment services at a reasonable price. Contact Fulcrum at https://www.frenviro.net/ to see how we can help you.