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When buying a commercial property, unseen environmental hazards can quickly turn your investment sour. Contamination by petroleum and other chemicals can devalue your property, open you up to liability for expensive damages and cleanup costs, and affect your ability to conduct business. An environmental site assessment lowers your risk by making sure there are no unpleasant surprises hidden in the land, water, or soil.
For legal and financial protection, the best time to get an environmental site assessment is before you purchase a property.
When performed before a real estate sale, an ESA can provide protection from liability for future environmental cleanup costs under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA, or Superfund). You may also need an ESA if legally required or in order to qualify for certain loans.
Phoenix can assist with a variety of Business Environmental Risk (BER) activities including:
Unsure if you need an ESA? Just get in touch. Our environmental experts will be happy to answer your questions.
Phoenix Environmental conducts ESAs in phases to provide an efficient and cost-effective solution. Each site assessment includes a thorough review of records, a site inspection, and interviews with owners, occupants, neighbors, and local government officials. Phoenix personnel have performed hundreds of Phase I ESAs on industrial, commercial, and residential properties undergoing transaction, financing, expansion, and other similar business circumstances.
Phoenix Environmental understands that each situation is unique. As such, we tailor our environmental assessments to meet the needs of each client. Our Phase I ESA reports follow the industry standard (ASTM E1527-21) to ensure your protection. Upon request, client-specific approaches that meet the guidelines of a lender or government agency can also be provided.
Buying real estate can carry significant environmental risks, but our knowledgeable environmental professionals can help you make smart decisions for your business. Contact us to learn how we can help make your next property investment a success.
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