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A Phase I ESA also identifies all those past uses that could make an impact on the site. For example, if the property was used for a gas station, dry cleaning business, or other industrial types, it significantly impacts the property's environment.

A Phase I primarily assesses the likelihood that a site is contaminated through visual observations, historical use reviews and regulatory records, while a Phase II assesses whether contamination is in fact present.

SBA Phase I Environmental Site Assessment means all properties purchased through the United States Small Business Administration's 504 Fixed Asset Financing Program require specific and often higher due diligence requirements than regular Real Estate transactions.

The Phase I ESA involves a review of records, a site inspection, and interviews with owners, occupants, neighbors and local government officials.

A Phase I primarily assesses the likelihood that a site is contaminated through visual observations, historical use reviews and regulatory records, while a Phase II assesses whether contamination is in fact present.

What is the cost of a Phase 1 Environmental Site Assessment in California? The cost of a Phase 1 Environmental Site Assessment (ESA) in California can vary, but generally ranges from $2,000 to $5,000.

This act requires purchasers of commercial property to perform a Phase I study meeting the specific standard of ASTM E1527: Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process.

A Phase I Environmental Site Assessment (Phase 1 ESA) is an investigation of a property's current and historical use. The process views and investigates a property in regards to former use in order to determine if there is a potential for hazardous conditions that might be present on the property.