#7 The Hidden Deal Killer in Commercial Real Estate (Phase I & II Explained)

Thinking about buying a commercial property? Before you fall in love with the rent roll, you need to understand what’s under the ground.In this episode, we sit down with Daisy Wanless of McAlister GeoScience to uncover the buried risks that can quietly kill a deal — underground storage tanks, soil and groundwater contamination, vapor intrusion, and why Phase I and Phase II environmental reports matter more than most investors realize.We break down:• What a Phase I Environmental Site Assessment actually looks for• When and why a Phase II is triggered• Why dry cleaners are often worse than gas stations• Real-world examples where deals were delayed — and where they were killed• How contamination spreads through soil and groundwater• What remediation really costs (and who ends up paying)• How lenders, buyers, and sellers think about environmental riskIf you’re investing in commercial, retail, multifamily, or mixed-use property — especially in older markets — this is required knowledge.🎙️ Host: Jack Patel, SoCal Multifamily Insights📞 (213) 453-2572🌐 https://longbeachinvestmentproperty.com/contact/ 👤 Guest: Daisy Wanless, McAlister GeoScience📞 562-489-7908🌐 https://www.dirtyproperty.com/contact/About Jack Patel:Jack is a multifamily and hospitality broker in Southern California—and an active investor with 10 units and 2 hotels of his own. He specializes in helping clients buy, sell, and exchange income properties with a focus on 1031 exchanges, value-add strategies, and off-market deals. Serving areas like Long Beach, Bellflower, Lakewood, and beyond, Jack combines hands-on experience with smart investment strategies to help clients build lasting wealth through real estate.🌐 https://longbeachinvestmentproperty.com/contact/📞 (213) 453-2572CA License: BRE No. 019413419