Why You Should Avoid a Cheap Phase 1 Environmental Site Assessment
You need a Phase 1 Environmental Site Assessment – it can be a bit of an overwhelming undertaking. The biggest concern our clients have in
A Phase 1 Environmental Site Assessment (ESA) is an evaluation and report of environmental risks that commercial real estate either currently faces or could face in the future. The ESA must adhere to ASTM Standard E1527-13 and the All Appropriate Inquiry (AAI) requirements to protect purchasers of commercial property. It is common that a Phase 1 ESA is required by a lending institution providing the funding for a purchase or refinancing.
Also known in the industry as environmental due diligence, the ESA addresses potential environmental issues with the commercial land, the structure, and the neighboring properties. The reports generated by Alpha Environmental are extremely comprehensive and may contain several hundred pages of discussion and background information. Our digitally prepared reports are well organized and written to be easily understood, yet are compliant with the most stringent financial institution requirements. We take our Phase 1 Assessment very seriously and will use as much information as possible to provide you with the most accurate picture of the site.
*An ESA is not an Asbestos and Lead demo survey and these are not included in price. We will recommend these demo surveys if we see toxic levels but they are not done as part of an ESA.
In 1980, Congress passed legislation that contained a concept where an innocent purchaser of property would be held liable even if they didn’t cause the contamination themselves. Essentially, fault was assigned purely based on ownership. In 1986, additional legislation was passed that included an “innocent landowner” defense as long as the purchaser followed “All Appropriate Inquiries” (AAI). To create a standard for these inquiries, the American Society for Testing and Materials released their first version of the E 1527 process, more commonly known as the Phase 1 Environmental Site Assessment. While the E 1527 process has gone through various revisions over the years, it continues to be a set of strong guidelines that can help property buyers stay protected in the event of property contamination.
The cost of a Phase 1 ESA is dependent on many things. The ASTM and AAI requirements for the Phase 1 are very stringent and are designed to protect the buyer and/or financial institution. Complex properties like industrial sites, former gas stations and dry cleaners require more time for research and higher costs should be anticipated. If you are in need of a Phase 1 ESA or would just like to talk to someone about your property, call Alpha Environmental today at 503-292-5346 for more information
You need a Phase 1 Environmental Site Assessment – it can be a bit of an overwhelming undertaking. The biggest concern our clients have in
As a business owner, we take many precautions to ensure our ventures are carried out efficiently, conscientiously, and diligently from beginning to end. If you
Are you buying or selling property and worried about environmental risks? Then you need to know about the ASTM E1527-21 Standard. This Standard is a
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11080 SW Allen Blvd., #100 Beaverton, OR 97005
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Alpha Environmental Offers Asbestos Testing, Asbestos Abatement, Mold Removal & More To Portland, OR & All Surrounding Portland, OR Areas. Contact Alpha Environmental Today!
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A trusted member of our team will reach out within 1 business day to schedule