Database/Historical Computer Generated Reports
MECC can assist clients quickly in trying to determine if any potential environmental risks exist from a reported regulatory designation. Although not as comprehensive as other due diligence products, a database/historical desktop review, can provide a “snap shot” of concerns such as reported releases of petroleum or aid in locating historically buried gasoline tanks.
Transaction Screen Assessments (TSA)
This product offers the above service plus a site inspection. Although not considered a Phase I Environmental Site Assessment (ESA) and does not offer the legal protections of a ESA report prepared in accordance with the All Appropriate Inquiry (AAI) rule, it can help clients identify potential environmental risks. This can be a more cost efficient approach and is utilized by some lenders on smaller size transactions. The Small Business Administration (SBA) also recognizes the TSA on certain asset classifications.
Phase I Environmental Site Assessments (ESAs)
The role of “Environmental Due Diligence” has increased dramatically over the past two decades. Buyers and lenders are more cautious than ever when entering into commercial real estate transactions that may have potential environmental concerns. Utilizing database reports, historical land usage maps and on-site inspections, MECC provides clients with comprehensive reports outlining the environmental concerns of a property. All MECC environmental professionals (EP’s) have at least ten (10) years in the consulting field. In addition, our EP’s have all attended the required ASTM training program.
Whether obtaining financing or conducting due diligence prior to a real estate transaction, we will address all potential environmental issues in accordance with the ASTM E1527 standards.
Focused Sub-Surface Site Investigations (FSSI) AKA Phase II Assessment
Upon discovering an Area of Concern (AOC) or REC from a previous study, MECC has the capacity to provide further investigation for the client. Utilizing professional geologists (PG’s), a scope of work is designed for the client to aid in determining if any sub-surface impacts are present. Upon completion, MECC outlines the results of the investigation as well as conclusions, recommendations and costs to cure when possible.
Vapor Encroachment (VE) has become a growing part of the environmental industry and is required to be discussed within the ASTM E1527 standard. VE occurs when contaminants breakdown into a gaseous state and enter onto a property or structure. The most common cause of a vapor issues stem from current and historical dry cleaning establishments and gasoline stations. When this occurs, there is a potential impact to the Indoor Air Quality (IAQ) of a building. At high enough concentrations, vapors may present a health risk to the building’s occupants.
MECC conducts a review of historical sources and regulatory database listings to identify any potential sources of vapors that may exist at both the subject site and adjacent properties. MECC utilizes the ASTM E2600-10 Standard Guide for Vapor Encroachment Screening along with soil gas vapor studies when appropriate. This investigation can be done as a standalone report or in addition to the base scope of services within a Phase I Assessment.
Many times a purchaser or lender will be provided with a prior environmental study on a property. MECC provides a cursory review of these reports to determine if they meet the appropriate standard and are prepared with the ASTM recommended period of time.
Not sure which report is correct for you or your lender? Contact us and we can assist in determining the best product to help evaluate potential environmental concerns.