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Essel Environmental’s Nik Lahiri takes us through what a Phase 1 Environmental Site Assessment (Phase 1 ESA) is and how it can protect property purchasers from liability. Learn what goes into a Phase 1 Environmental Site Assessment (Phase 1 ESA); as a commercial property owner, you are now responsible for any contamination found on the property. When developers or investors buy commercial real estate - Phase I is usually always performed during the due diligence period. So when a bank requires you to have a Phase 1 ESA, you’ll know what goes into a report, How long a report takes and the estimated cost of a Phase 1 ESA. For all things Phase 1 ESA, reach out to the environmental experts at Essel today. https://www.esseltek.com/environmenta... If you are thinking about purchasing real estate, make sure you do your due diligence and cover the bases with a Phase 1 environmental site assessment from Essel Environmental. Request a Quote Today! https://www.esseltek.com/contact-us/ 0:00 Start 0:21 What is a Phase I ESA 1:09 What are the rules that govern a Phase I ESA? 3:22 What's involved in a Phase I ESA? 6:51 How long does a Phase I ESA take? 8:56 How much does a Phase I ESA cost?