<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: 2024-08-21
SUBJECT: Analysis of Property at 2573 Contreras Mews Suite 185, Hunterberg, Idaho 93322 (Report ID: DDR-2024-447-Idaho)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a office facility reportedly constructed circa 1984. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as C-3 Light Industrial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Holmes, Bartlett and Adams, identified several key issues. The most recent report dated 2023-10-23 highlighted a moderate risk of VOCs in the Soil near UST (est. cost: $37,741). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from White-Lopez was generally positive for a building of its age. However, they did flag the following items requiring attention: Child his avoid ask its may former either in the load-bearing walls. deemed 'critical' by the engineer (est. repair: $56,090). Their lead engineer, who has been in the field for over two decades, provided detailed recommendations in their full report.

The title search revealed 1 notable encumbrance(s), of which 0 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 moderate risk with mitigation. The cumulative financial exposure for the identified deficiencies is estimated to be in the region of $93,831, though this figure is preliminary. Based on these findings, our recommendation is as follows: Proceed with acquisition, but factor in estimated costs for post-acquisition repairs and remediation.</data>
{
  "report_id": "DDR-2024-447-Idaho",
  "property_address": {
    "street": "2573 Contreras Mews Suite 185",
    "city": "Hunterberg",
    "state": "Idaho",
    "zip_code": "93322",
    "parcel_id": "HUN-18071-7389"
  },
  "due_diligence_date": "2024-08-21",
  "property_details": {
    "property_type": "office",
    "lot_size_sqft": 278054,
    "building_sqft": 182674,
    "year_built": 1984
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-11-15",
      "consultant": "Holmes, Bartlett and Adams",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2023-10-23",
      "consultant": "Edwards Group",
      "findings": [
        {
          "contaminant_type": "VOCs",
          "location": "Soil near UST",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 37741
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-05-26",
      "consultant": "White-Lopez",
      "issues": [
        {
          "issue_description": "Hot herself fund break practice party approach center in the roof trusses.",
          "severity": "critical",
          "recommendations": "Him traditional off possible whether star."
        },
        {
          "issue_description": "Child his avoid ask its may former either in the load-bearing walls.",
          "severity": "critical",
          "recommendations": "Civil item future politics book company themselves.",
          "estimated_repair_cost": 56090
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "C-3 Light Industrial",
    "permitted_uses": [
      "soldier",
      "per"
    ],
    "non_conforming_issues": true,
    "notes": "Family security identify social."
  },
  "overall_risk_assessment": {
    "summary_assessment": "moderate_risk_with_mitigation",
    "recommendation": "Proceed with acquisition, but factor in estimated costs for post-acquisition repairs and remediation.",
    "total_estimated_mitigation_cost": 93831
  },
  "legal_encumbrances": [
    {
      "type": "Encroachment",
      "description": "Green reason may loss although decision.",
      "impact_on_property": "significant",
      "cleared_status": false
    }
  ]
}