Environmental Site Assessment (Phase I)
A Phase I Environmental Site Assessment (ESA) can provide the documentation needed to meet due diligence requirements of CERCLA’s innocent landowner, contiguous property owner, or bona fide prospective purchaser defense. Our Professional Geologists and Engineers have performed many ESAs to assist clients in obtaining business development funding, including Small Business Administration (SBA) 7(a) and Certified Development Company Loan Programs.
Standard ESAs are performed on a fixed fee basis, and can be completed within a short time frame (as little as one week) to meet a client’s needs.
Stratus ESAs are conducted in accordance with American Society for Testing and Materials (ASTM) E 1527-13 standard, which conforms to federal rules for “Standards and Practices for All Appropriate Inquiries” (40 CFR Part 312).
Our ESA reports provide our clients with a clear indication that no impacts or potential impacts were identified, or a detailed listing of potential concerns that require additional research or testing (unless specifically required by the client, sampling and testing is not performed as part of a standard ESA).
Additional sources, such as building department or property title records, can be included in the ESA to accommodate client and lending institution needs.
Having an experienced environmental professional conduct a Phase I ESA as a part of due diligence during a commercial property transaction is the industry standard method of safeguarding against unknowingly acquiring a financial liability associated with the purchase of a property with environmental contamination.
To speak with a Stratus professional call 888-201-2399.