Navigating Commercial/Industrial Property Purchase: 4 Essential Factors to Consider

Purchasing a commercial or industrial property is a significant step, laden with complexities and uncertainties. At Peritus Environmental, we understand the importance of making well-informed decisions, especially when it comes to potential property contamination. Our experience lies in aiding you with the insights needed to make a wise investment. Here are four pivotal considerations when purchasing a new commercial or industrial property:

1. Sources of Contamination

Identifying potential sources of contamination is paramount. A previous article delved into the common contamination origins prevalent in Southern Ontario. These sources range from gas stations to dry cleaners and can provide a clear indication of the possible contamination scenarios on the property.

2. Age of the Building

The age of the building bears significant implications. Older structures may have housed industries with historical contamination activities not immediately apparent. Our Phase One Environmental Site Assessments delve into historical records to uncover past industries that occupied the property. Additionally, older buildings might have hosted industries with less stringent disposal practices, potentially affecting soil and groundwater quality.

3. Facility Cleanliness

The cleanliness of the facility speaks volumes. A well-maintained space indicates proper chemical handling and spill protocols, reducing the likelihood of property impacts. Conversely, neglected equipment might hint at inadequate inspection and maintenance practices, raising concerns about soil and groundwater quality.

4. Proximity to Water Bodies

While not indicative of contamination levels, a property’s proximity to water bodies influences regulatory implications. Properties near rivers or lakes are subject to stricter regulations due to potential contamination risks. This consideration can affect future contamination management strategies.

While these factors are pivotal, obtaining a comprehensive understanding of potential contamination requires a Phase One Environmental Site Assessment. Our experts can guide you through this crucial process, providing insights into the property’s contamination history and potential risks.

If you have inquiries or seek professional guidance, our team is here to assist you. Contact us today to learn more about our services and the path to a well-informed property acquisition.