Phase I Environmental Site Assessment
The Phase I Environmental Site Assessment (ESA) is performed prior to the acquisition of commercial real estate. Lending institutions usually require the Phase I ESA to be performed prior to lending money for the purchase of commercial real estate.
BEI performs Phase I ESAs in accordance with the current ASTM International and Federal EPA regulations.
The findings of the Phase I ESA determine whether hazardous substances or petroleum products were used or stored at the property.
The Phase I ESA identifies these potential environmental conditions before the purchase of the real estate so the purchaser can qualify for the innocent landowner defense to CERCLA liability (Comprehensive Environmental Response, Compensation & Liability Act). Commercial real estate can be in the form of industrial, commercial, agricultural or residential property.
If evidence of a past, present or future release of hazardous substances or petroleum products is observed, a Phase II ESA may be necessary to determine whether a release occurred. The Phase II ESA involves the collection of soil and/or groundwater samples for analytical testing of the potential contaminants-of-concern.