PHASE 1 ENVIRONMENTAL SITE ASSESSMENTS (ESAs)
A Phase 1 Environmental Site Assessment (Phase 1 ESA) is a report prepared for a real estate property that identifies potential or existing environmental contamination liabilities. The Phase 1 Environmental report is required by lenders and is highly recommended prior to purchasing commercial or industrial real estate, prior to starting new residential developments or when purchasing undeveloped, vacant land.
The main purpose of the Phase 1 ESA is to ensure there is no soil or groundwater contamination from previous use or neighboring sites that may impact the property's value or limit its use due to regulatory-mandated cleanup or civil liability.
The Phase 1 ESA reports prepared by Frank Springer & Associates, Inc. comply with American Society for Testing and Materials (ASTM) Standard E-1527-13. This ASTM standard adheres to the Environmental Protection Agency All Appropriate Inquiries Rule, codified into the federal regulations by the EPA (40 CFR Part 312). Our reports are prepared and conducted by licensed Registered Environmental Site Assessors.