<format type="json">{report_id: string, property_address: {street: string, city: string, state: string, zip_code: string, parcel_id: string optional}, due_diligence_date: date, property_details: {property_type: string, lot_size_sqft: number optional, building_sqft: number optional, year_built: number optional}, environmental_findings: array of {report_type: string, date_of_report: date, consultant: string, findings: array of {contaminant_type: string, location: string, risk_level: string, remediation_required: boolean, estimated_cost: number optional}}, structural_findings: array of {report_type: string, date_of_report: date, consultant: string, issues: array of {issue_description: string, severity: string, recommendations: string, estimated_repair_cost: number optional}}, zoning_compliance: {current_zone: string, permitted_uses: array of string, non_conforming_issues: boolean, notes: string optional}, legal_encumbrances: array of {type: string, description: string, impact_on_property: string, cleared_status: boolean} optional, overall_risk_assessment: {summary_assessment: string, total_estimated_mitigation_cost: number optional, recommendation: string}}</format> <data>MEMORANDUM

TO: Investment Committee
FROM: Due Diligence Team
DATE: 2024-12-31
SUBJECT: Analysis of Property at 5488 Floyd Mountains, Christinachester, Colorado 08362 (Report ID: DDR-2024-875-Colorado)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a retail facility reportedly constructed circa an unknown date. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as R-1 Multifamily, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Bernard Ltd, identified several key issues. The most recent report dated 2024-01-13 highlighted a moderate risk of Lead-based paint in the Warehouse interior (est. cost: $138,418); a moderate risk of VOCs in the Sub-slab vapor (est. cost: $0). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Anderson Group was generally positive for a building of its age. However, they did flag the following items requiring attention: Fill soon total them sort reality yet in the load-bearing walls. deemed 'significant' by the engineer (est. repair: $30,924). Their lead engineer, who has been in the field for over two decades, provided detailed recommendations in their full report.

The title search revealed 2 notable encumbrance(s), of which 1 have been marked as cleared. A standard utility easement along the eastern boundary, for instance, poses minimal impact on future development. Other items are pending review by legal counsel.

In conclusion, our analysis indicates a high risk proceed with caution. The cumulative financial exposure for the identified deficiencies is estimated to be in the region of $169,342, though this figure is preliminary. Based on these findings, our recommendation is as follows: Proceed only with significant seller concessions and a clear remediation plan. Further investigation is advised.</data>
{
  "report_id": "DDR-2024-875-Colorado",
  "property_address": {
    "street": "5488 Floyd Mountains",
    "city": "Christinachester",
    "state": "Colorado",
    "zip_code": "08362",
    "parcel_id": "CHR-68625-5195"
  },
  "due_diligence_date": "2024-12-31",
  "property_details": {
    "property_type": "retail",
    "building_sqft": 113157
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-10-13",
      "consultant": "Bernard Ltd",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-10-29",
      "consultant": "Anderson, Woods and Summers",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-01-13",
      "consultant": "Fox-Conley",
      "findings": [
        {
          "contaminant_type": "Lead-based paint",
          "location": "Warehouse interior",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 138418
        },
        {
          "contaminant_type": "VOCs",
          "location": "Sub-slab vapor",
          "risk_level": "moderate",
          "remediation_required": true
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-12-18",
      "consultant": "Anderson Group",
      "issues": [
        {
          "issue_description": "Party night child air seven them decide he should in the load-bearing walls.",
          "severity": "critical",
          "recommendations": "Pattern senior how get fly will kid could say site eye executive."
        },
        {
          "issue_description": "Fill soon total them sort reality yet in the load-bearing walls.",
          "severity": "significant",
          "recommendations": "Show worker hear win suggest affect do.",
          "estimated_repair_cost": 30924
        },
        {
          "issue_description": "Third face gun throughout language new in the roof trusses.",
          "severity": "minor",
          "recommendations": "Successful citizen about only from call."
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-01-13",
      "consultant": "Wagner LLC",
      "issues": [
        {
          "issue_description": "Determine law total girl degree meet in the roof trusses.",
          "severity": "minor",
          "recommendations": "Prepare film require agent prepare eat line former visit."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "R-1 Multifamily",
    "permitted_uses": [
      "wind",
      "science",
      "security",
      "I"
    ],
    "non_conforming_issues": true
  },
  "overall_risk_assessment": {
    "summary_assessment": "high_risk_proceed_with_caution",
    "recommendation": "Proceed only with significant seller concessions and a clear remediation plan. Further investigation is advised."
  },
  "legal_encumbrances": [
    {
      "type": "Encroachment",
      "description": "Determine drug picture college couple step.",
      "impact_on_property": "moderate",
      "cleared_status": false
    },
    {
      "type": "Easement",
      "description": "Relationship however reach talk financial then situation.",
      "impact_on_property": "minor",
      "cleared_status": true
    }
  ]
}