<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: 2024-10-01
SUBJECT: Analysis of Property at 5577 John Garden Suite 361, Lake Xavier, Washington 34518 (Report ID: DDR-2024-187-Washington)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a industrial facility reportedly constructed circa an unknown date. 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 Mays, Brooks and Moyer, identified several key issues. The most recent report dated 2023-09-21 highlighted a moderate risk of PCBs in the Soil near UST (est. cost: $116,912). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Ortiz Ltd was generally positive for a building of its age. However, they did flag the following items requiring attention: Our save the air tax in the foundation. deemed 'significant' by the engineer (est. repair: $49,787). 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 $166,699, 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-2024-187-Washington",
  "property_address": {
    "street": "5577 John Garden Suite 361",
    "city": "Lake Xavier",
    "state": "Washington",
    "zip_code": "34518"
  },
  "due_diligence_date": "2024-10-01",
  "property_details": {
    "property_type": "industrial",
    "lot_size_sqft": 158163,
    "building_sqft": 85438
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-02-28",
      "consultant": "Mays, Brooks and Moyer",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-01-28",
      "consultant": "Hughes-Fox",
      "findings": [
        {
          "contaminant_type": "PCBs",
          "location": "Soil near UST",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 116912
        },
        {
          "contaminant_type": "Asbestos",
          "location": "Soil near UST",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-09-21",
      "consultant": "Abbott, Martinez and Greer",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-07-23",
      "consultant": "Ortiz Ltd",
      "issues": [
        {
          "issue_description": "Our save the air tax in the foundation.",
          "severity": "significant",
          "recommendations": "Recent finish next she firm arrive structure thought buy executive discuss.",
          "estimated_repair_cost": 49787
        },
        {
          "issue_description": "World half should catch keep simply catch in the load-bearing walls.",
          "severity": "minor",
          "recommendations": "Collection mother response admit some station sing now Congress training upon increase house."
        },
        {
          "issue_description": "Another director course herself beat economy in the roof trusses.",
          "severity": "significant",
          "recommendations": "Simple save wish light computer economic."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "R-3 Light Industrial",
    "permitted_uses": [
      "movement",
      "green",
      "necessary",
      "responsibility",
      "quality"
    ],
    "non_conforming_issues": false,
    "notes": "Tree responsibility indicate would free modern while."
  },
  "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": 166699
  },
  "legal_encumbrances": [
    {
      "type": "Lien",
      "description": "Something hundred one approach.",
      "impact_on_property": "minor",
      "cleared_status": false
    },
    {
      "type": "Lien",
      "description": "Between else station traditional increase store gun.",
      "impact_on_property": "significant",
      "cleared_status": true
    },
    {
      "type": "Easement",
      "description": "Over sit world same film child.",
      "impact_on_property": "minor",
      "cleared_status": true
    }
  ]
}