DUE DILIGENCE FOR MULTIPLE SITE RETAIL GAS STATIONS LOCATIONS THROUGHOUT CENTRAL AND NORTHERN MICHIGAN :
Client: Confidential
Site Location: 45 locations throughout Michigan
Start Date:2006
Completion Date:Four weeks
Total Project Budget: $66,000
The client retained PME to conduct environmental due diligence services associated with a multi location transaction with a major financial institution.
Phase I Environmental Site Assessments (ESAs) were completed on all of the properties to identify Recognized Environmental Conditions (RECs), and to provide information regarding the environmental compliance status of existing underground storage tank (USTs) and aboveground storage tanks (ASTs). The reports were reviewed by the financial institution which aided the bank in their overall risk evaluation of the properties.
The Due Diligence included full compliance assessment of existing AST and UST systems.
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