Phase I Environmental Site Assessment (ESA)
Trace Inspections, LLC provides Phase I Environmental Site Assessments for commercial real estate transactions, lending, refinancing, development, and due diligence needs in Tennessee, North Alabama, North Mississippi and parts of Kentucky.
Our Phase I ESAs are completed in accordance with ASTM E1527-21, the current standard recognized by EPA as consistent with the federal All Appropriate Inquiries rule for qualifying environmental due diligence.
If you are buying, financing, refinancing, or evaluating a commercial property, a Phase I ESA can help identify recognized environmental conditions and other issues that may affect value, use, financing, or future liability. EPA describes All Appropriate Inquiries as the process of evaluating a property’s environmental conditions and assessing potential liability for contamination.
Who We Work With
We provide Phase I ESA services for:
- Commercial property buyers
- Investors
- Banks and lenders
- Real estate brokers
- Developers and builders
- Attorneys
- Property owners and asset managers
- Municipal and institutional clients
When a Phase I ESA Is Commonly Needed
A Phase I ESA is often requested for:
- Commercial property acquisitions
- Loan underwriting and refinancing
- Development and redevelopment sites
- Industrial and mixed-use properties
- Older commercial buildings
- Properties with questionable historical uses
- Portfolio due diligence
What Is Included in a Phase I ESA
A Phase I ESA performed under ASTM E1527-21 typically includes:
- Records review of historical aerials, maps, environmental databases, and available government records
- Site reconnaissance of the subject property
- Interviews with owners, occupants, managers, or others familiar with the site history when available
- Review and evaluation by an Environmental Professional
- A written report identifying Recognized Environmental Conditions (RECs), if present, along with conclusions and recommendations for additional action if warranted
Why Clients Order a Phase I ESA
Clients order a Phase I ESA to:
- Support lender underwriting requirements
- Identify potential environmental concerns before closing
- Better understand past property uses
- Reduce surprises during acquisition or redevelopment
- Help satisfy environmental due diligence expectations under the federal AAI framework
Phase I vs. Phase II
A Phase I ESA does not include sampling or laboratory testing. If recognized environmental conditions or other significant concerns are identified, additional investigation may be recommended, often in the form of a Phase II Environmental Site Assessment. ASTM E1527-21 is the Phase I standard; Phase II work is addressed separately and we can help you find a provider.
Turnaround Time and Service Area
Trace Inspections, LLC typically completes Phase I ESAs in about 10 to 14 business days, and faster turnaround may be available depending on the property, records availability, and scope of research. Our normal service area is within approximately 175 miles of Nashville, Tennessee. Properties outside that area may involve a modest travel fee.
Why Choose Trace Inspections
- Independent, professional due diligence services
- Clear reporting for buyers, lenders, and brokers
- ASTM E1527-21 compliant process
- Environmental Professional involvement
- Responsive service for commercial transaction timelines
Request a Quote
Need a Phase I Environmental Site Assessment in Tennessee, Southern Kentucky, North Alabama, North Mississippi, or nearby markets?
Call 615-302-1113 or contact Trace Inspections, LLC for pricing, availability, and estimated turnaround time.
Trace Inspections, LLC excels at quickly completing our Phase I Environmental reports. Our usual turnaround is 10-14 business days, but we often finish them faster. The complexity of the inspection site and the amount of research needed mainly influence the completion timeline. Our normal service area is a 175-mile radius of Nashville, TN. Locations further away may include a minimal travel fee. Please contact us for a quote and estimated completion date for your property.
Call 615-302-1113
