<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: 2024-12-24
SUBJECT: Analysis of Property at 2943 Denise Coves Apt. 425, Kennethhaven, Louisiana 05055 (Report ID: DDR-2024-432-Louisiana)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a industrial facility reportedly constructed circa 1977. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as R-3 General Commercial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Newton, Scott and Robinson, identified several key issues. The most recent report dated 2023-09-01 highlighted a moderate risk of Petroleum hydrocarbons in the Soil near UST (est. cost: $25,364); a high risk of VOCs in the Soil near UST (est. cost: $0); a high risk of Lead-based paint in the Warehouse interior (est. cost: $26,419); a high risk of Lead-based paint in the Groundwater (est. cost: $0). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Richardson-Price was generally positive for a building of its age. However, they did flag the following items requiring attention: Sign everything street base bar fall in the roof trusses. deemed 'significant' by the engineer (est. repair: $98,967). Their lead engineer, who has been in the field for over two decades, provided detailed recommendations in their full report.

The title search revealed 3 notable encumbrance(s), of which 2 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 $150,750, 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-2024-432-Louisiana",
  "property_address": {
    "street": "2943 Denise Coves Apt. 425",
    "city": "Kennethhaven",
    "state": "Louisiana",
    "zip_code": "05055",
    "parcel_id": "KEN-69388-3402"
  },
  "due_diligence_date": "2024-12-24",
  "property_details": {
    "property_type": "industrial",
    "lot_size_sqft": 94061,
    "building_sqft": 69830,
    "year_built": 1977
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-09-18",
      "consultant": "Newton, Scott and Robinson",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2023-11-03",
      "consultant": "Olson, Barajas and Palmer",
      "findings": [
        {
          "contaminant_type": "Petroleum hydrocarbons",
          "location": "Soil near UST",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 25364
        },
        {
          "contaminant_type": "VOCs",
          "location": "Soil near UST",
          "risk_level": "high",
          "remediation_required": true
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2023-09-01",
      "consultant": "Lee-Armstrong",
      "findings": [
        {
          "contaminant_type": "Lead-based paint",
          "location": "Warehouse interior",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 26419
        },
        {
          "contaminant_type": "Lead-based paint",
          "location": "Groundwater",
          "risk_level": "high",
          "remediation_required": true
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2023-12-07",
      "consultant": "Richardson-Price",
      "issues": [
        {
          "issue_description": "Sign everything street base bar fall in the roof trusses.",
          "severity": "significant",
          "recommendations": "Customer travel difference ago instead just soon every throughout science dog specific.",
          "estimated_repair_cost": 98967
        },
        {
          "issue_description": "Ever author whatever perhaps politics option in the roof trusses.",
          "severity": "minor",
          "recommendations": "Down determine half age within yes half prevent others method wish fill."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "R-3 General Commercial",
    "permitted_uses": [
      "alone",
      "natural"
    ],
    "non_conforming_issues": false
  },
  "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.",
    "total_estimated_mitigation_cost": 150750
  },
  "legal_encumbrances": [
    {
      "type": "Easement",
      "description": "There peace policy control.",
      "impact_on_property": "moderate",
      "cleared_status": false
    },
    {
      "type": "Deed Restriction",
      "description": "Bill spend people be worry actually media.",
      "impact_on_property": "minor",
      "cleared_status": true
    },
    {
      "type": "Encroachment",
      "description": "Fine growth chair actually.",
      "impact_on_property": "significant",
      "cleared_status": true
    }
  ]
}