4808 EVERGREEN WAY SUITE A & B THE KUSHERY 2021-09-22

Phase I Environmental Site Assessment Page 1 August 28,2020 4808 Evergreen Way,Everett,Washington RGI Project No.2020-382-1 1 INTRODUCTION The Riley Group, Inc. (RGI) has performed this Phase I Environmental Site Assessment (ESA) for the Evergreen Way Commercial property located at 4808 Evergreen Way, Everett, Snohomish County, Washington (hereafter referred to as the Property, Figure 1). No historical addresses were identified for the Property during this Phase I ESA. The Property consists of a 0.51-acre portion of land (tax parcel numbers: 00581900006300 & 00581900006500) and is occupied by a former automotive sales and repair facility.The owner of the Property is Cascade Ridge Properties, LLC. The Phase I ESA was performed on behalf of The Kushery d/o Joshua Shade (hereafter referred to as the Client), which authorized the Phase I ESA on August 6, 2020. RGI understands that the Client intends to purchase the Property and utilize it for retail purposes. 1.1 PURPOSE This Phase I ESA was performed to identify recognized environmental conditions(RECs), historical recognized environmental conditions (HRECs), controlled recognized environmental conditions (CRECs),and business environmental risks(BERs)associated with the Property in accordance with the scope of work and procedures included in the American Society for Testing and Materials Standard Practice E1527-13 (ASTM E1527-13) and the Code of Federal Regulations Title 40 Part 312 (40 CFR 312). RECs, HRECS, CRECs, and BERs, as defined by ASTM E1527-13, are described below: [The term "recognized environmental condition" means)the presence or likely presence of any hazardous substances or petroleum products in,on,or at a property 1)due to any release to the environment,2)under conditions indicative of a release to the environment or 3)under conditions that indicate an existing release, a past release,or pose a material threat of a future release to the environment.The term is not intended to include"de minimis conditions"that generally do not present a threat to human health or the environment and that generally would not be the subject of an enforcement action if brought to the attention of the applicable governmental agencies. [The term "historical recognized environmental condition" means] a past release of any hazardous substances or petroleum products that has occurred in connection with the property and has been addressed to the satisfaction of the applicable regulatory authority or meeting unrestricted use criteria established by a regulatory authority,without subjecting the property to any required controls(for example, property use restrictions,activity and use limitations, institutional controls,or engineering controls). [The term "controlled recognized environmental condition" means] a recognized environmental condition resulting from a past release of hazardous substances or petroleum products that has been addressed to the satisfaction of the applicable regulatory authority (for example, as evidenced by the issuance of a no further action letter or equivalent,or meeting risk-based criteria established by regulatory authority),with hazardous substances or petroleum products allowed to remain in place subject to the implementation of required controls(for example,property use restrictions,activity and use limitations,institutional controls, or engineering controls). [The term "business environmental risk" means] a risk that can have a material environmental or environmentally-driven impact on the business associated with the current or planned use of a parcel of commercial real estate,not necessarily limited to those environmental issues required to be investigated in this practice. 1MI RILEYGROUP