Phase I ESA
Site Assessment & Due Diligence
There has been a high demand for qualified, experienced, environmental professionals to perform Phase I environmental site assessments (ESA) of commercial properties in recent years.
Nutshell has answered the call by becoming a premier provider of quality Phase I ESAs performed by an inspector with forty years of environmental consulting experience.
While some Phase I ESAs are requested by clients in order to satisfy one of the requirements to qualify for limited liability protection under CERCLA, more often Nutshell performs Phase I ESAs requested by lending institutions as part of the lender’s due diligence.
These assessments ensure that there are no hidden environmental conditions associated with the property, within the scope of Phase I ESAs, that present a potential financial liability to the lender and the prospective purchaser.
Conduct Your Assessment
While regulatory environmental records review, and interviews with current and previous owners and property managers are good and required sources of information regarding property history, there is no substitute for an experienced eye in detecting signs of environmental liability.
Furthermore, Nutshell often has knowledge of cleanup activities and required monitoring on contiguous properties, because Nutshell has completed site studies, remediation, and monitoring on literally thousands of sites throughout the mid-Atlantic.
For many local banks, real estate developers, architectural firms, insurers, non-profits and more, Nutshell has become the go-to source for quality, quick turnaround and cost-effective investigations.
Nutshell Environmental has performed more than 6,000 Phase I environmental site assessments.
In particular, Nutshell performed over 700 Phase I and NEPA investigations at prospective cell tower sites for the Nextel Corporation.
To comply with the ASTM 1527 standard, a Phase I ESA must include the following four components:
- Regulatory Records Review
- Site Visit
- Interviews
- Reports
