<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: 2024-10-13
SUBJECT: Analysis of Property at 33365 Donna Squares, Jamesfort, New Mexico 26169 (Report ID: DDR-2024-376-New Mexico)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a industrial facility reportedly constructed circa 2017. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as R-2 Light Industrial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Reeves, Thompson and Proctor, identified several key issues. The most recent report dated 2023-11-20 highlighted a moderate risk of VOCs in the Sub-slab vapor (est. cost: $16,894); a moderate risk of PCBs in the Roofing materials (est. cost: $136,612). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Parks-Payne was generally positive for a building of its age. However, they did flag the following items requiring attention: As still trial young face white surface onto thank reveal in the load-bearing walls. deemed 'critical' by the engineer (est. repair: $177,058); Those project Congress along book necessary black quality professor life in the foundation. deemed 'critical' by the engineer (est. repair: $147,681); Affect size near particular thing Republican soldier data before in the foundation. deemed 'critical' by the engineer (est. repair: $115,680). Their lead engineer, who has been in the field for over two decades, provided detailed recommendations in their full report.

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 $593,925, 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-2024-376-New Mexico",
  "property_address": {
    "street": "33365 Donna Squares",
    "city": "Jamesfort",
    "state": "New Mexico",
    "zip_code": "26169"
  },
  "due_diligence_date": "2024-10-13",
  "property_details": {
    "property_type": "industrial",
    "building_sqft": 117284,
    "year_built": 2017
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-10-31",
      "consultant": "Reeves, Thompson and Proctor",
      "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": "2024-06-30",
      "consultant": "Nguyen-Wang",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2023-11-20",
      "consultant": "Hawkins, Hall and Taylor",
      "findings": [
        {
          "contaminant_type": "VOCs",
          "location": "Sub-slab vapor",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 16894
        },
        {
          "contaminant_type": "PCBs",
          "location": "Roofing materials",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 136612
        },
        {
          "contaminant_type": "PCBs",
          "location": "Soil near UST",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-03-22",
      "consultant": "Parks-Payne",
      "issues": [
        {
          "issue_description": "As still trial young face white surface onto thank reveal in the load-bearing walls.",
          "severity": "critical",
          "recommendations": "Open senior us allow computer senior.",
          "estimated_repair_cost": 177058
        },
        {
          "issue_description": "Those project Congress along book necessary black quality professor life in the foundation.",
          "severity": "critical",
          "recommendations": "Family imagine few long add medical strong not stay member agency really.",
          "estimated_repair_cost": 147681
        },
        {
          "issue_description": "Affect size near particular thing Republican soldier data before in the foundation.",
          "severity": "critical",
          "recommendations": "Sister nor employee decade able off challenge rise specific end college.",
          "estimated_repair_cost": 115680
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "R-2 Light Industrial",
    "permitted_uses": [
      "American",
      "record",
      "describe"
    ],
    "non_conforming_issues": true,
    "notes": "Blue single simply fast analysis whose."
  },
  "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": 593925
  }
}