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A properly developed due diligence
program can yield significant cost savings to buyers in terms of
liabilities avoided and
cost adjustments to a particular transaction if information from
the due diligence investigation is used properly
and in the early stage of the transactional process.
Due Diligence Phase 1 Environmental Assessment
- Farm land
- Ranch land
- Land for development
- Forest land
- Railroad property
- Agriculture property
- Country Club
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Inspection Today ---
Wednesday, March 10, 2010
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We work with owners, buyers, sellers, lenders and attorneys to
design and conduct a cost-effective due diligence strategy to
achieve your two main goals:
- Minimize legal, financial and business risk
- Maximize investor value
Contact us to see if you qualify for Environmental Records
Review and Risk Assessment at lower cost than Phase I.
Sometimes you don't need a complete Phase 1 Assessment. We
offer fast and low
cost Environmental Records Search & Risk
Assessment which can be completed in 1
week or less for under
$600. Call us for details.
Due Diligence Phase 1 Environmental Assessment
A complete Due Diligence routine includes Phase
1 Environmental Assessment because contamination on the property
or under the property in soil or groundwater - including vapor
intrusion condition if buildings are planned - can have
potentially devastating effects including:
- Reduction of property value
- Impaired ability to repay mortgage loan
- Liability for damage to health of occupants
- Rent or other losses based on unsafe working
environment
- Inability
to build on the property
- Difficulty or inability to rent or sell the
property
- Liability for cleanup under federal and state
CERCLA programs
The
United States Census Bureau has developed and maintains the North
American Industry Classification System (NAICS) This
system classifies property by use according to the level of
environmental sensitivity and is used by OSHA and other regulatory
agencies, and is a critical tool that we use to customize your
Environmental Assessment. Based on the NAICS
code
presently and formerly associated with your property and adjoining
and nearby properties we focus our investigation on the unique
circumstances, conditions and risks inherent in each property type
and develop an efficient strategy for acquiring specialized
information unique to the site and addressing any data gap with
the required intensity based on present and former property type
and use.
You may be surprised to learn that your property is
considered "environmentally sensitive". Of course
gas stations, mining and landfills can be problematic; but did you
know that NAICS classifies golf courses and country clubs (NAICS
71391) and skiing facilities (NAICS 71392) as environmentally
sensitive? While these types of properties can generally be
conclusively and positively assessed, it requires extra effort and
expertise of the Environmental Professional. Lifespace
Corporation is willing and able to put forth the extra effort even
if it means going above and beyond the ASTM Standard of
Practice. We are committed to, whenever possible, resolve
all issues and questions within the context of the Phase 1
Assessment process in order to avoid any additional investigation
which saves you both time and
money.
Phase 1 Assessment requires investigation
of not only the subject property but also adjoining and other
nearby properties. Past
and present property uses are researched using a variety of
historical records including inspections, interviews, directories,
topographical maps, aerial photos and geology and hydrology are
analyzed. Because
we are required to investigate properties in a radius
around the subject property required research increases
exponentially in relationship to the size of the your
property. Also, there are additional new ASTM standards for
assessment of forest land that even many Phase 1 providers may not
be aware of. Phase 1
Assessment must be completed to these stringent standards to
satisfy the requirements of due diligence necessary to qualify you
for either 42 U.S.C. § 9607(q) contiguous
owner property owner liability protection or the innocent
landowner defense under the Comprehensive
Environmental Response, Compensation and Liability Act, as
amended, 42 U.S.C. § 9601 et.
seq. (CERCLA).
Lifespace
Corporation Phase
1 Environmental Assessment is completed according
to the most stringent standards and will absolutely qualify you
for 42 U.S.C. § 9607(q) contiguous
property owner liability protection and the innocent
landowner defense under the Comprehensive Environmental
Response, Compensation and Liability Act, as amended, 42 U.S.C. §
9601 et. seq. (CERCLA).sive
Environmental Response, Compensation and Liability Act, as
amended, 42 U.S.C. § 9601 et.
seq. (CERCLA).
Lifespace Corporation Phase
I Environmental Assessment with Vapor
Intrusion
Assessment
(VIA) exceeds industry
standards and meets or exceeds ASTM E-1527-05 Standard of Practice
for Environmental Assessment and ASTM E-2600-08 Standard Practice
for Vapor Intrusion Assessment.
The main components of environmental assessment
and vapor intrusion assessment are site reconnaissance, Interviews
with property owners, occupants, past owners, public officials and
others who may have specialized knowledge of use and past use of
the property, extensive research of environmental records in over
60 federal, state, local, tribal and proprietary databases and
determination of and analysis of geology and hydrology under your
property and in the area around your property.
Because environmental contamination can be on your property or
originate on property up to a mile away Phase I Environmental
Assessment includes a similar investigation of properties
including site reconnaissance, extensive research of environmental
records in over 60 federal, state, local, tribal and proprietary
databases and determination and analysis of geology and hydrology
for property within a 1 mile radius of your property.
Vapor Intrusion Assessment (VIA) is designated
as a non-scope addition to Phase 1 Environmental Assessment and
generally available from other Phase 1 providers at an additional
cost of up to hundreds of dollars however, Lifespace Corporation
includes VIA in our standard Due Diligence Phase 1 Environmental
Assessment Protocol. When
you order your Assessment from us you get the added benefit of
Vapor Intrusion Assessment at no additional cost over our quoted
fee.
We include ASTM E-2600-08 Vapor Intrusion
Assessment in every Phase 1 Assessment for property with occupied
buildings and property to be
developed with occupied buildings because we believe that VIA
is required due diligence to qualify you for either 42 U.S.C. § 9607(q) contiguous
owner property owner liability protection or the innocent
landowner defense under the Comprehensive
Environmental Response, Compensation and Liability Act, as
amended, 42 U.S.C. § 9601 et.
seq. (CERCLA).
Lifespace Corporation has 23 years environmental assessment
experience on vacant land, agricultural land, forestry land, land
for development, railroad land and all types of real estate: commercial
buildings and industrial
buildings including apartment
and condominium, high rise, low rise, church and
religious building, institution, drycleaner, gas
station or auto repair, high rise, low rise, hotel
and motel, restaurant and club, retail, mall, plaza, warehouse,
distribution center and more.
We offer prompt, expert service at the best possible cost.
Request a quote and order Due Diligence
Inspection and Assessment services by e-mail or call us at 585-738-5080.
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