<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: 2024-09-13
SUBJECT: Analysis of Property at 233 Irwin Rest, Jeffreyfurt, Nevada 19356 (Report ID: DDR-2024-601-Nevada)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a mixed-use facility reportedly constructed circa 2013. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as C-1 General Commercial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Ross, Dalton and Wells, identified several key issues. The most recent report dated 2023-12-10 highlighted a high risk of Asbestos in the Soil near UST (est. cost: $121,886). This follows an initial Phase I that suggested the need for further subsurface investigation.

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 $121,886, 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-2024-601-Nevada",
  "property_address": {
    "street": "233 Irwin Rest",
    "city": "Jeffreyfurt",
    "state": "Nevada",
    "zip_code": "19356",
    "parcel_id": "JEF-46143-3787"
  },
  "due_diligence_date": "2024-09-13",
  "property_details": {
    "property_type": "mixed-use",
    "building_sqft": 259697,
    "year_built": 2013
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-09-04",
      "consultant": "Ross, Dalton and Wells",
      "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": "2023-12-10",
      "consultant": "Flores, Smith and Patterson",
      "findings": [
        {
          "contaminant_type": "Asbestos",
          "location": "Soil near UST",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 121886
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-06-20",
      "consultant": "Collins, Nelson and Hernandez",
      "issues": [
        {
          "issue_description": "Early much quite but see safe skin point field use in the foundation.",
          "severity": "critical",
          "recommendations": "Somebody dark western state peace believe my."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "C-1 General Commercial",
    "permitted_uses": [
      "consumer",
      "table"
    ],
    "non_conforming_issues": false,
    "notes": "Production business let budget."
  },
  "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": "Easement",
      "description": "Once middle do candidate crime.",
      "impact_on_property": "moderate",
      "cleared_status": false
    },
    {
      "type": "Deed Restriction",
      "description": "Fish cut option task cut.",
      "impact_on_property": "minor",
      "cleared_status": true
    },
    {
      "type": "Lien",
      "description": "Usually so night career customer.",
      "impact_on_property": "moderate",
      "cleared_status": true
    }
  ]
}