Should I obtain an environmental assessment before purchasing commercial property?

An environmental assessment may be important depending on the property’s history, prior uses, location, and intended future use. Properties involving automotive, industrial, manufacturing, fuel, dry cleaning, or certain storage uses may require closer review.

Environmental concerns can affect financing, insurance, future use, and resale value. Buyers should discuss this with qualified environmental professionals, lenders, and legal advisors when appropriate.

If you’re considering a property where environmental history may be a concern, I’d be happy to help you identify questions worth asking during the due diligence process.