Phase 1 ESA Cost for Marina / Boat Storage Properties

Quick Price Estimate

Typical Range: $2,700 - $6,075

Marina / Boat Storage properties typically cost 35% more than standard properties due to additional complexity.

Why Marina / Boat Storage Properties Cost More

Marina / Boat Storage properties have medium environmental risk. Fuel docks, antifouling paints, bilge water

Environmental Risk: ModeratePhase 2 if RECs found

Key Risk Factors: Fuel docks, antifouling paints, bilge water

Pricing by Scenario

ScenarioTypical Cost Range
Standard property$2,700 - $6,075
Complex property$3,105 - $6,986
Property with known issues$3,510 - $7,898

What to Expect

Phase 1 ESA for Marina / Boat Storage

A Phase 1 Environmental Site Assessment for marina / boat storage properties includes:

  • Historical records review - Sanborn maps, aerial photographs, city directories
  • Regulatory database search - Federal, state, and local environmental records
  • Site reconnaissance - Physical inspection of property and adjacent sites
  • Interviews - Current/past owners, operators, government officials
  • Report and opinion - Assessment of Recognized Environmental Conditions (RECs)

Timeline

Service LevelTurnaroundCost Impact
Standard2-3 weeksBase price
Expedited7-10 days+20-30%
Rush3-5 days+40-50%

Phase 1 ESA for Marina / Boat Storage by State

Frequently Asked Questions

How much does a phase 1 esa cost for a marina / boat storage?

Phase 1 ESA for marina / boat storage properties typically costs $2,700 to $6,075. This is 35% higher than standard properties due to the moderate risk level.

Why do marina / boat storage properties cost more?

Marina / Boat Storage properties are considered moderate risk. Fuel docks, antifouling paints, bilge water

Do I need a Phase 2 ESA for a marina / boat storage?

Phase 2 ESA is typically not required for marina / boat storage properties unless the Phase 1 ESA identifies Recognized Environmental Conditions (RECs).

What to Include in Your Phase 1 ESA Request

When soliciting quotes from environmental consultants, provide the following to ensure accurate scoping and pricing:

  • Property address and APN — enables the consultant to pre-screen regulatory databases before quoting
  • Property size (acreage and building square footage) — larger sites require more reconnaissance time
  • Known or suspected environmental history — prior uses, USTs, spills, or remediation you’re aware of
  • Lender name and loan program — some lenders have specific report requirements (e.g., SBA, HUD, CMBS) that affect scope and who can sign
  • Required turnaround — standard is 2–3 weeks; rush orders (3–5 days) add 40–50% to cost
  • Target closing date — drives urgency and whether a reliance letter or update letter will be needed later

Getting quotes from at least two consultants is standard practice. Cheapest is not always best: a low quote from an inexperienced firm that misses a REC can cost far more in Phase 2 ESA and remediation than you saved on the Phase 1.

Typical Phase 1 ESA Timeline

StepDuration
Quote and contract execution1–3 days
Regulatory database search2–5 days
Site reconnaissance visit1 day (scheduled within 3–7 days)
Historical records review3–7 days (concurrent with database search)
Report drafting and review3–5 days
Final report delivery14–21 days total (standard)
Rush delivery5–10 days total

Under ASTM E1527-21, a Phase I ESA is presumed viable when conducted within 180 days prior to the acquisition or transaction date (not the site visit date). If more than 180 days pass between transaction and completion of key components, an update letter is required. CMBS and SBA programs each set their own independent validity windows (12 months and 1 year respectively).

Lender Requirements for Marina / Boat Storage Properties

Risk Classification

Marina / Boat Storage properties are classified as Medium environmental risk for Phase 1 ESA purposes — fuel docks, antifouling paints, bilge water. This property type carries a 1.35× cost multiplier versus standard commercial properties (fuel storage, water contamination), resulting in a typical adjusted range of $2,700–$6,075 nationally.

What Lenders Require

Medium-risk property types typically require Phase 1 ESA when lender thresholds are met. SBA requires some form of environmental investigation for all commercial real estate collateral. For loans over $250,000, a Records Search with Risk Assessment is required; a full Phase I ESA is required when the NAICS code indicates an environmentally sensitive use or when the Records Search finds elevated risk. CMBS lenders require Phase 1 ESA for all properties in their loan pools. Fannie Mae multifamily programs may apply different scoping requirements depending on property type and risk profile, but lender discretion often results in requiring the assessment anyway for medium-risk uses. The Phase 1 ESA scope for medium-risk properties follows standard ASTM E1527-21 requirements; Phase 2 ESA is warranted if the assessor identifies RECs during the Phase 1.

Report Standards

All Phase 1 ESAs must follow ASTM E1527-21 — the current standard adopted in December 2022. Reports must be completed by a qualified Environmental Professional (EP) meeting the qualifications defined in the AAI rule. Lenders require the report to be addressed or include reliance language allowing them to rely on the findings. CMBS lenders typically require Phase I ESA within 12 months of loan origination. SBA accepts reports within one year of loan issuance. Under ASTM E1527-21, five time-sensitive components must be completed within 180 days of the acquisition/transaction date to invoke the innocent landowner defense.