1 / 7

phase I environmental site assessment

A Phase I ESA can confirm the environmental conditions that could impact the worth of a property. The site assessments can make the buyer understand whether the site has had any historical chemical or hazardous materials problems. It will help safeguard both the buyer and seller in a real estate trade.

frenviro
Download Presentation

phase I environmental site assessment

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. WHAT IS PHASE I ENVIRONMENTAL SITE ASSESSMENT?

  2. UNDERSTANDING PHASE 1 ENVIRONMENTAL SITE ASSESSMENT? A Phase I ESA can confirm the environmental conditions that could impact the worth of a property. The site assessments can make the buyer understand whether the site has had any historical chemical or hazardous materials problems. It will help safeguard both the buyer and seller in a real estate trade.

  3. PHASE I ENVIRONMENTAL SITE ASSESSMENT DETAILS The Phase I process - includes making reports with proper decisions post evaluation of a particular property where the groundwater or soil under the buildings could risk the public’s safety or the environment. We can assume that it can lead to liability problems for the owner or lender to detect any problems and decreased property value. Mostly, buyers will see that a Phase I ESA is performed as per CERCLA- prerequisite before closing a real estate deal.

  4. THE REPORTS ARE PREPARED ON MANY TYPES OF PROPERTIES, LIKE: Multi-family homes Commercial buildings Industrial areas Agricultural properties Empty lots

  5. PHASE I ESA COVERS WHEN A PHASE I ESA IS FINISHED ON LAND, IT GOES THROUGH SEVERAL STEPS. First, the primary visit is done on the site to observe the current, past, and uses of the property and adjacent areas - a review of all regulatory databases. Check all hazardous substances such as petroleum products. A check on historical records, such as historical aerial pictures, city directories, topographic maps, and fire insurance maps Connect with current and past property owners, with the property Specialized knowledge with experience; Reasons for purchase price & need for Phase I ESA

  6. Phase I ESA is essential because it safeguards the landowner’s liability, specifically in commercial real estate trades. A well-prepared report is a key to the due diligence process as it identifies any of those historical or present- day issues involving the site. It also highlights its usage, such as industrial use, a gas station, dry cleaning business. Some high-risk uses could affect the property for several years after the business vacates the property. — PHASE I ESA IMPORTANCE

  7. Contact us 415 West Chestnut Ave Monrovia CA 91016 Email: info@frenviro.com Phone:800-385-7105

More Related