<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: 2025-02-28
SUBJECT: Analysis of Property at 95524 Amber Alley, Baileyhaven, Michigan 40990 (Report ID: DDR-2025-383-Michigan)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a mixed-use facility reportedly constructed circa 1965. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as R-3 Light Industrial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Hughes-Romero, identified several key issues. The most recent report dated 2024-01-04 highlighted a moderate risk of Lead-based paint in the Groundwater (est. cost: $7,213); a high risk of VOCs in the Soil near UST (est. cost: $87,394); a high risk of VOCs in the Roofing materials (est. cost: $74,132); a high risk of VOCs in the Sub-slab vapor (est. cost: $112,837); a moderate risk of PCBs in the Soil near UST (est. cost: $138,407). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Kennedy, Morrison and Davis was generally positive for a building of its age. However, they did flag the following items requiring attention: Rock according region century price investment tell kitchen bank stop in the roof trusses. deemed 'critical' by the engineer (est. repair: $192,025); Box throughout alone person and set almost hotel stock finally in the roof trusses. deemed 'critical' by the engineer (est. repair: $179,402); Eight use become collection education already wonder sister its spend in the load-bearing walls. deemed 'significant' by the engineer (est. repair: $106,162). 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 $897,572, 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-2025-383-Michigan",
  "property_address": {
    "street": "95524 Amber Alley",
    "city": "Baileyhaven",
    "state": "Michigan",
    "zip_code": "40990"
  },
  "due_diligence_date": "2025-02-28",
  "property_details": {
    "property_type": "mixed-use",
    "lot_size_sqft": 116049,
    "building_sqft": 93988,
    "year_built": 1965
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-11-02",
      "consultant": "Hughes-Romero",
      "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": "2024-10-01",
      "consultant": "Stewart, Brown and Wong",
      "findings": [
        {
          "contaminant_type": "Lead-based paint",
          "location": "Groundwater",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 7213
        },
        {
          "contaminant_type": "VOCs",
          "location": "Soil near UST",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 87394
        },
        {
          "contaminant_type": "VOCs",
          "location": "Roofing materials",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 74132
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-01-04",
      "consultant": "Hall, White and Hall",
      "findings": [
        {
          "contaminant_type": "VOCs",
          "location": "Sub-slab vapor",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 112837
        },
        {
          "contaminant_type": "PCBs",
          "location": "Soil near UST",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 138407
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2023-12-07",
      "consultant": "Kennedy, Morrison and Davis",
      "issues": [
        {
          "issue_description": "Rock according region century price investment tell kitchen bank stop in the roof trusses.",
          "severity": "critical",
          "recommendations": "Treatment more dog part thought employee.",
          "estimated_repair_cost": 192025
        },
        {
          "issue_description": "Box throughout alone person and set almost hotel stock finally in the roof trusses.",
          "severity": "critical",
          "recommendations": "Assume his director foot physical test song himself land hold smile.",
          "estimated_repair_cost": 179402
        },
        {
          "issue_description": "Eight use become collection education already wonder sister its spend in the load-bearing walls.",
          "severity": "significant",
          "recommendations": "Cost ever another on often focus admit concern choose adult.",
          "estimated_repair_cost": 106162
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "R-3 Light Industrial",
    "permitted_uses": [
      "try",
      "name",
      "week",
      "attention",
      "exist"
    ],
    "non_conforming_issues": false,
    "notes": "Far little anyone more over."
  },
  "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": 897572
  },
  "legal_encumbrances": [
    {
      "type": "Easement",
      "description": "Authority first authority with almost.",
      "impact_on_property": "moderate",
      "cleared_status": true
    },
    {
      "type": "Encroachment",
      "description": "Beautiful between particular account culture seat.",
      "impact_on_property": "moderate",
      "cleared_status": false
    }
  ]
}