Property Condition Assessment- Phase 1 Environmental Site Assessment Texas

1. A phase 1 environmental site assessment is commonly known as an ESA or Phase I ESA, is performed to examine the current and past utilization of a property as part of a commercial real estate transaction. The report intends to assess if current or historical property uses have affected the soil or groundwater beneath the land and could pose a threat to the atmosphere and/or human health. If these problems are detected, it presents a potential liability for the lender or owner, as well as affecting the value of the property. A phase 1 environmental site assessment performed before the end of a real estate transaction can be done to satisfy the demands of CERCLA’s (Comprehensive Environmental Response, Compensation and Liability Act) innocent landowner defense under All Appropriate Inquiries (AAI).

2. Phase 1 environmental site assessment California reports can be created on almost every type of properties such as commercial land, vacant land, agricultural, multi- family residential, and industrial uses; however, all phase 1 environmental site assessment reports are completed to comply with ASTM E1527-13 (exemptions are made for assets comprised of large primarily undeveloped land, which can be examined under ASTM E2247-16). A phase 1 environmental site assessment California typically includes the following: • A complete site visit to inspect current and past conditions and uses of the property and adjacent properties; • A survey of federal, state, tribal, and local regulatory 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 dumping of hazardous wastes including petroleum products, and institutional and engineering controls; • A review of old records, such as old aerial photographs, fire protection maps (Sanborn maps), historical city directories, and historical topographic charts; • A survey of state and local agency documents, including but not limited to state environmental agencies, Building Departments, Fire Departments, and Health Departments. • Discussions with current and earlier property owners, operators, and occupants, or others familiar with the land. • Meetings with the Report User for title or judicial records for environmental liens and activity and use limitations (AULs); specialized knowledge or experience; actual knowledge; commonly known or reasonably ascertainable information; the reason for a significantly lower acquisition 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. Environmental Professional or EP will examine the land to identify potential environmental hazards to the property such as current or historic operations that are known or suspected to have used dangerous substances or petroleum products during onsite operations. Some pretty common uses of concern are printing operations, gas stations, dry cleaners, auto/vehicle repair, and manufacturing. In addition to potential soil and groundwater pollution, ASTM E1527-13 addresses the

3. concerns associated with contamination in soil vapor and the potential for vapor migration to pose a warning to onsite and offsite tenants. Conclusion: Being one of the most trusted and famous Phase 1 environmental site assessment California organization, Fulcrum is offering you outstanding services at the lowest possible price. You will also get transaction screening assessmentservices from us. We have already worked on many different projects and we understand how to work in tough situations. Visit https://www.frenviro.net/ today to explore our great services.