Phase I ESA


Did you know that when you purchase a property, you also acquire its environmental problems!

The penalties for failing to comply with the federal and/or state environmental laws may be in the millions of dollars. The law authorizes EPA to seek statutory penalties of up to $32,500 for each day of non-compliance prior to January 12, 2009, and $37,500 for each day thereafter. (http://www.epa.gov/compliance/cleanup/superfund/comply.html)

A real estate investment may be affected by:

  •  Prior chemical spills
  •  Hazardous waste sites
  •  Polychlorinated biphenyls (PCBs)
  •  Abandoned industrial operations
  •  Underground storage tanks
  •  Current business activities
  •  Adjacent property histories

In any case, real state environmental problems cause a significant impact on the liability found by the buyer, seller, or lending institution. 

Phase I Environmental Site Assessments (Phase I ESAs) are non-invasive studies to determine the environmental conditions of a commercial property during transfer of ownership or refinancing. This is the opportunity for the purchaser, investor, or financial institution to do due diligence investigations and verify the material facts of a potential investment. 

Zimmetry recognizes the importance of identifying potential hazards when purchasing a property. A Phase I Environmental Site Assessment is the gold standard for evaluating the environmental liability associated with a real estate asset. 

Our Phase I ESA service includes:

  •  Physical inspection of the property
  •  Interviews of knowledgeable persons
  •  Review of federal, state and local lists of known contaminated sites, hazardous materials users, spills, and storage tanks
  •  Evaluation of the potential effects of adjacent properties
  •  Property history searches at applicable register of deeds offices
  •  Review of existing environmental documents for the property
  •  Interpretation of photographs and maps
  •  Current and past property uses

We offer the peace of mind you deserve through practical business advice on environmental liability.

Call for a free consultation (787) 995-0005 or email us