Friday, March 16, 2018

Environmental Site Assessment In Minnesota Historic District

Caltha LLP Project Summary

Project: Phase 1 ESA To Meet SBA Lender Requirement
Client: Prospective Buyer 
Location(s): Minnesota

Key Elements: Phase 1 environmental assessment, Tier 1 Soil Vapor Intrusion Screening

Overview: Caltha LLP conducted a Phase 1 Environmental Site Assessment for this commercial property located in a historic district in southern Minnesota. A Phase 1 assessment was conducted to meet the requirements of a prospective Lender and the Small Business Administration (SBA) 504 loan guarantee program.  The building in the property was constructed in 1884 and had a long history of commercial uses which had to be evaluated to determine if SBA "environmentally sensitive uses" of the property had occurred in the past. Caltha conducted a Tier I Vapor Encroachment Screening Assessment in accordance with ASTM Standard E2600-10 in which numerous potential vapor sources were screened to determine if they presented a risk for soil vapor encroachment at the Subject Property. Caltha issued a Reliance Letter to the Bank and SBA for the assessment.

  Spills and Leaks on floor In Former Oil storage Tank area
Spills and Leaks In Former Oil Tank Room

Click here for more information on Caltha's Environmental Assessment Services for commercial and industrial property transfer.

  Phase 1 environmental inspections, environmental site assessment, phase 2 testing, site cleanup 
Caltha LLP | Your Environmental Site Assessment 
and Remediation Partner