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Is Contamination A Deal Killer?

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Manage episode 431469642 series 2084625
Content provided by Victor Menasce. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Victor Menasce or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Today’s show is a case study in due diligence. Last week our company put a property under contract for an industrial storage facility in Jacksonville Florida. We asked the seller for the usual list of due diligence deliverables. But the seller said they were only willing to send the due diligence items after the property was put under contract.

They provided a complete due diligence file which included a phase 1 environmental study and a phase 2 on-site test results of soil samples and groundwater. The subject property has a history as an auto parts salvage yard. In 2017 a fire broke out which caused many of the vehicles, tires and petrochemicals to catch fire.

--------------

**Real Estate Espresso Podcast:**
Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)
iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)
Website: [www.victorjm.com](http://www.victorjm.com)
LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)
YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)
Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)
Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)
**Y Street Capital:**
Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)
Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)
Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)

  continue reading

2421 episodes

Artwork
iconShare
 
Manage episode 431469642 series 2084625
Content provided by Victor Menasce. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Victor Menasce or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Today’s show is a case study in due diligence. Last week our company put a property under contract for an industrial storage facility in Jacksonville Florida. We asked the seller for the usual list of due diligence deliverables. But the seller said they were only willing to send the due diligence items after the property was put under contract.

They provided a complete due diligence file which included a phase 1 environmental study and a phase 2 on-site test results of soil samples and groundwater. The subject property has a history as an auto parts salvage yard. In 2017 a fire broke out which caused many of the vehicles, tires and petrochemicals to catch fire.

--------------

**Real Estate Espresso Podcast:**
Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)
iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)
Website: [www.victorjm.com](http://www.victorjm.com)
LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)
YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)
Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)
Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)
**Y Street Capital:**
Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)
Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)
Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)

  continue reading

2421 episodes

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