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Phase I Environmental Site Assessment Report

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PHASE I ENVIRONMENTAL SITE ASSESSMENT REPORT CANYON CREEK PLAZA 5601-5667 Silver Creek Valley Road San Jose, California 95138 January 11, 2012 Partner Project No. 11-84351.2 Prepared for WOODMEN OF THE WORLD LIFE INSURANCE SOCIETY AND/OR OMAHA WOODMEN LIFE INSURANCE SOCIETY c/o Barry Slatt Mortgage 1350 Old Bayshore Highway, Ste 450 Burlingame, California 94010 January 11, 2011 Woodman of the World Life Insurance Society and/or Omaha Woodmen Life Insurance Society c/o Barry Slatt Mortgage 1350 Old Bayshore Highway, Suite 450 Burlingame, California 94010 Subject: Phase I Environmental Site Assessment 5601-5667 Silver Creek Valley Road San Jose, California 95138 Partner Project No. 11-84351.2 Partner Engineering and Science, Inc. (Partner) is pleased to provide the results of the Phase I Environmental Site Assessment (Phase I ESA) report of the abovementioned address (the “subject property”). This assessment was performed in general conformance with the scope and limitations as detailed in the ASTM Practice E1527-05 Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process. This assessment included a site reconnaissance as well as research and interviews with representatives of the public, property ownership, site manager, and regulatory agencies. An assessment was made, conclusions stated, and recommendations outlined. We appreciate the opportunity to provide environmental services to Woodman of the World Life Insurance Society and/or Omaha Woodmen Life Insurance Society. If you have any questions concerning this report, or if we can assist you in any other matter, please contact me at (214) 666-6800 or [email protected]. Sincerely, Summer D. Gell Principal 2154 Torrance Blvd., Ste 200, Torrance, CA 90501 ¸ Phone 800-419-4923 ¸ Fax 866-928-7418 EXECUTIVE SUMMARY Partner Engineering and Science, Inc. (Partner) has performed a Phase I Environmental Site Assessment (ESA) in general accordance with the scope of work and limitations of ASTM Standard Practice E1527-05, the Environmental Protection Agency Standards and Practices for All Appropriate Inquiries (AAI) (40 CFR Part 312) and set forth by Woodman of the World Life Insurance Society and/or Omaha Woodmen Life Insurance Society for the property located at 5601-5667 Silver Creek Valley Road in the City of San Jose, Santa Clara County, California (the “subject property”). The Phase I Environmental Site Assessment is designed to provide Woodman of the World Life Insurance Society and/or Omaha Woodmen Life Insurance Society with an assessment concerning environmental conditions (limited to those issues identified in the report) as they exist at the subject property. Property Description The subject property is located on the southwestern side of Silver Creek Valley Road at Beaumont Canyon Drive within a mixed commercial and residential area of San Jose, California. Please refer to the table below for further description of the subject property: Address: 5601-5667 Silver Creek Valley Road Assessor’s Parcel Number (APN): 679-29-006 and -007 Nature of Use: Commercial Number of Buildings: Three: Building 1 (5667), Building 2 (5623-5665), Building 3 (5601-5617): Number of Floors: One with Mezzanine (Building 1)/Two (Building 2)/One (Building 3) Type of Construction: Wood-Frame on Concrete Slab Building Square Footage (SF): Building 1: 29,335 SF Building 2: 21,347 SF Building 3: 12,380 SF ,Land Acreage (Ac): 8.35 Ac Date of Construction: 2000 Current Tenants: Building 1 (5667): New Leaf Community Market Building 2 (5623-5665): Megabyte Pizza (5623), Canyon Creek Cleaners (5631), Mexico Lindo (5635), Edelweiss Music Studio (5645, Ste 200), Silver Creek Orthodontics (5645, Ste 201),Vacant (5645, Ste 208) Shelter Bay Retail Group (3645, Ste 216), 5645, Ste 220), Starbucks Coffee (5651), Postal Annex (5655), Silver Creek Hair & Nails (5659), and Ginga Sushi Phase I Environmental Site Assessment Project No. 11-84351.2 January 11, 2012 Page i (5665) Building 3 (5601-5619): Comerica (5601), Intero Real Estate Services (5609-5613), Canyon Creek Pet Hospital (5617), Silver Creek Academy (5619) The subject property is currently occupied by multiple shopping center tenants for commercial use. Onsite operations consist of typical grocery store (currently under construction), restaurant, drop-off dry cleaner, office, dental office, retail, beauty salon, and veterinary clinic activities. In addition to the current structures, the subject property is also improved with asphalt-paved parking areas and associated landscaping. According to available historical sources, the subject property was formerly undeveloped as early as 1939. In 1982, a small structure, possibly a ranch house, appeared onsite. The building was removed by 1998. The subject property was developed with the current three-building shopping center from 1999 to 2000. The immediately surrounding properties consist of residences and Beaumont Canyon Drive beyond Silver Creek Valley Road to the northeast; Silver Creek and vacant land to the southwest beyond which are residences; and residences to the northwest. According to local groundwater studies and topographic interpretation, the depth and direction of groundwater in the vicinity of the subject property is inferred to be present at approximately 17 to 50 feet below ground surface (bgs) and flow toward the southwest. Findings A recognized environmental condition (REC) refers to the presence or likely presence of any hazardous substance or petroleum product on a property under conditions that indicate an existing release, a past release, or a material threat of a release of any hazardous substances or petroleum products into structures on the property or into the ground, groundwater, or surface water of the property. The term REC includes hazardous substances and petroleum products even under conditions that might be in compliance with laws. The term is not intended to include "de minimis" conditions that do not present a threat to human health and/or the environment and that would not be subject to an enforcement action if brought to the attention of appropriate governmental agencies. The following was identified during the course of this assessment: x Partner did not identify any recognized environmental conditions during the course of this assessment. A historical recognized environmental condition (HREC) refers to an environmental condition which would have been considered a REC in the past, but which is no longer considered a REC based on subsequent assessment or regulatory closure. The following was identified during the course of this assessment: Phase I Environmental Site Assessment Project No. 11-84351.2 January 11, 2012 Page ii x Partner did not identify any historical recognized environmental conditions during the course of this assessment. An environmental issue refers to environmental concerns identified by Partner, which do not qualify as RECs; however, require discussion. The following was identified during the course of this assessment: x Partner did not identify any environmental issues during the course of this assessment. Conclusions, Opinions and Recommendations Partner has performed a Phase I Environmental Site Assessment in conformance with the scope and limitations of ASTM Practice E1527-05 of 5601-5667 Silver Creek Valley Road in the City of San Jose, Santa Clara County, California (the “subject property”). Any exceptions to or deletions from this practice are described in Section 1.5 of this report. This assessment has revealed no evidence of recognized environmental conditions or environmental issues in connection with the subject property. Based on the conclusions of this assessment, Partner recommends no further investigation of the subject property at this time. Phase I Environmental Site Assessment Project No. 11-84351.2 January 11, 2012 Page iii TABLE OF CONTENTS EXECUTIVE SUMMARY ......................................................................................................................... i 1.0 INTRODUCTION ......................................................................................................................... 1 1.1 Purpose .......................................................................................................................................... 1 1.2 Scope of Work .............................................................................................................................. 1 1.3 Limitations .................................................................................................................................... 2 1.4 User Reliance ................................................................................................................................ 2 1.5 Limiting Conditions ...................................................................................................................... 3 2.0 SITE DESCRIPTION .................................................................................................................... 4 2.1 Site Location and Legal Description ............................................................................................. 4 2.2 Current Property Use .................................................................................................................... 5 2.3 Current Use of Adjoining Properties ............................................................................................ 5 2.4 Physical Setting Sources ..............................................................................................................
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