Commercial Building Consultants, LLC (CBC) offers our clients an array of different services including Property Condition Assessments, Project Management and Construction Oversight, Bank Draws, Budget and Plan Reviews and more. But one of the services that we offer that can have a tremendous impact on our clients purchasing decision but is one of the least requested services – a Phase I Environmental Site Assessment (ESA). The impact that an ESA can have on a property decision should be a concern for buyers, developers, funding, and everyone within the process.
An Environmental Site Assessment Phase I (ESA Phase I) is the industry standard for evaluating the environmental liability associated with a property of any type. Performing an environmental site assessment prior to acquiring a property can minimize the risk of dealing with hazardous waste contaminant found on the property you have recently acquired saving time and money. If you are financing the property purchase, your lender will want to know that there aren’t any current or likely future environmental liabilities that will put their money at risk and the ESA Phase I is the way to evaluate the potential environmental concerns.
The purpose of an ESA Phase I is to evaluate environmental information to develop an independent professional opinion about the condition of the property and to identify actual or potential contamination, which may impact the property value or affect claim to an “innocent land owner” exemption following the property transaction (buy or sell). An ESA Phase I utilizes regulatory and historical research, interviews, and site inspection to identify environmental conditions at a property. The scope of work for a ESA Phase I follows the American Society for Testing and Materials guideline entitled Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process (ASTM E1527-13), and is intended to constitute All Appropriate Inquiry (AAI) for purposes of the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA). ESA Phase I includes a walkover of the property and associated structures; a review of historic property information including maps, aerial photographs, deeds, telephone or address directories, etc.; a review of potentially impacted properties in the vicinity; a summary of knowledgeable party information and review of prior reports; and the review of local, State and Federal files pertaining to the property address.
CBC has environmental professional staff that utilize their background and experience in conjunction with exhaustive knowledge of Federal, State and local regulations and ASTM standards to efficiently provide a quality ESA Phase I report, which allows our clients to make educated, actionable, and profitable decisions.
The next time you are purchasing a commercial property think about having a Phase I Environmental Site Assessment added to your inspection due diligence. If you have questions about the Phase I ESA, please contact CBC at 407.447.5881 and let one of expert answer your questions.
Commercial Building Consultants, LLC
590 N Semoran Blvd, Orlando, FL 32807