Why you should avoid a cheap Phase I ESA...

Let’s set the scene: you’ve just been told by your bank that you need to conduct a Phase I ESA on your property. You shop around, request a few quotes from environmental companies, and are set on choosing the firm that provided you with the least expensive price. After all,…

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How long is a Phase I ESA good for?

Our engineers get asked the question, “when does a Phase I ESA expire?” all the time. If you’ve googled this question, you probably know the answer already: after six months, a Phase I ESA needs to be updated, and after one year, a Phase I ESA can no longer be…

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When is a Phase I ESA required?

As an engineering firm, we often get asked the question, “when do I need a Phase I ESA?” We get it. If you’re not used to buying and selling commercial property, you’re probably not familiar with the ins and outs of environmental testing and the complications that go along with…

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Who Can Conduct a Phase I ESA?

As an engineering firm, we often hear the question, “when do I need a Phase I ESA?” We get it. If you’re not used to buying and selling commercial property, you’re probably not familiar with the ins and outs of environmental testing. If you’re asking for a loan to buy…

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What is a Phase I ESA ? 

Have you been told that you need a Phase I ESA, but aren’t sure what it is or where to start? Essel is here to help.  What is a Phase I ESA ?  A Phase I Environmental Site Assessment (Phase I ESA) is an environmental report that documents the history…

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A guide to your next Environmental Due D...

Even in 2020, far too many buyers are still unaware of just how many risks lie in wait as a result of environmental contamination and incomplete paperwork. The simple truth is that nothing should be taken at face value when purchasing commercial real estate— thorough investigation and environmental due diligence…

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