Environmental Services
Phase 1 Environmental Site Assessment (ESA)
Minimize REC Liability
A Phase 1 Environmental Site Assessment is a critical step for property owners to identify any environmental risks associated with their commercial properties. This due diligence process involves thorough visual site inspections by an environmental professional to determine if historical or present property use activities have affected the soil or groundwater beneath the property, thereby posing a threat to the environment or human health.
Analysis and Action Steps
A Phase 1 Environmental Site Assessment is a key element in the process, as it helps identify the presence of hazardous substances and evaluating the potential for contamination of the property. It’s a vital step that can significantly impact the financial and legal aspects for property owners in the realm of commercial real estate.
The process adheres to the ASTM standard to ensure a comprehensive evaluation, and if any Recognized Environmental Conditions (RECs)—indicative of hazardous substances or petroleum products—are discovered, Cardinal will make recommendations about what actions, if any, are needed to address those concerns.
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