What aspect of a property is typically assessed during a Phase 1 environmental assessment?

During a Phase 1 environmental assessment, the primary focus is on identifying potential environmental contamination risks associated with a property. This assessment involves a thorough review of the property's history and usage, as well as an examination of adjacent properties that could impact the site's environmental condition. The goal is to identify any hazardous materials or pollutants that may pose a risk to health or the environment, such as soil or groundwater contamination.

This process typically includes a site visit, interviews, and a review of records related to environmental hazards. If contamination risks are identified, further investigations may be warranted, which could lead to remediation efforts to address any issues found.

Other aspects, such as financial performance, structural integrity, and marketability, are not the primary focus during a Phase 1 environmental assessment. While these factors can be relevant to the overall evaluation of a property, they do not directly pertain to the environmental conditions being assessed in this specific context.