Environmental
A Minnesota commercial property buyer's Phase I ESA reveals that the property was formerly used as a dry cleaning facility 25 years ago. What should the buyer do next?
AProceed with purchase since it was 25 years ago
BRequest a Phase II ESA with soil and groundwater sampling before purchasing✓ Correct
CAsk the seller to certify in writing that there is no contamination
DRequire only asbestos testing since that is the primary concern for older buildings
Explanation
A Phase I ESA finding of prior dry cleaning use is a Recognized Environmental Condition (REC) that warrants Phase II investigation. PCE from dry cleaning operations can persist in soil and groundwater for decades. The buyer should conduct Phase II soil and groundwater sampling before purchasing to understand the contamination scope and remediation costs.
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