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When preparing to purchase a commercial property, what’s below the surface is nearly as important as what is found above ground. Before you purchase a commercial property, it is important to determine whether there are any existing underground storage tanks that have been installed. If underground storage tanks are found on your desired commercial property it does not necessarily mean you shouldn’t buy the property.
Even if you were unaware of the leak in an underground storage tank at the time that you purchased your commercial property, it will be your legal responsibility to remove the offending UST and clean up any affected soil.
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A hydropneumatic tanks is a type of storage tanks that is designed to store water and air under pressure. Car covers, shelters and sheds are great protecting your car against the fierce sun in the summer and extreme rain and snow of the winter. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services.

To get more space or a location closer to urban downtowns, more homeowners are transforming warehouses into their houses. For the last few years, Boat and RV Storage has been the driving force behind the growth of the Storage Industry. Using a 50% coverage ratio (which is good a€“ but not always possible)a€“ yields approximately 217,800 sq ft. When underground storage tanks exist on a commercial property, they immediately become the responsibility of the new owner upon transfer of the property.
EPA and statutory guidelines will outline this process and you will likely need to have the tank removed by a company that is experienced with the removal of underground storage tanks.
It remains one of the top searched topics for new developers looking to get into the Storage Business. I encourage my customers and my staff to use this resource and to treat it like the precious metal that it is.
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This means that if you purchase a commercial property that has a leaking underground storage tank, it will be up to you to handle the expensive repairs and soil remediation.

The soil will also likely need to be remediated, which can also be completed by an experienced storage tank company. Learn what you should think about when purchasing a commercial property to avoid costly headaches, below. If the underground storage tank is an older single-walled kind then leaks can be more difficult to determine.
In areas where Self Storage might be overbuilt, market demand for RV and Boat Storage is still high. If water is found in the tank, this is generally a strong indication that there is a leak that will need to be addressed. Richard Curtin, an RV Industry Analyst and Director of Consumer Surveys at the University of Michigan a€“ the average unit size for an enclosed  RV Unit is a 14 X 40 or 560 Sq.

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commercial storage property for sale

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