<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: 2024-09-24
SUBJECT: Analysis of Property at 5731 Bowman Prairie Apt. 403, Hendersonport, Nevada 00681 (Report ID: DDR-2024-593-Nevada)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a multifamily facility reportedly constructed circa 1953. 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 Phillips, Luna and Lopez, identified several key issues. The most recent report dated 2024-09-21 highlighted a high risk of PCBs in the Groundwater (est. cost: $0); a moderate risk of Lead-based paint in the Soil near UST (est. cost: $144,235). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Vasquez, Jones and Nguyen was generally positive for a building of its age. However, they did flag the following items requiring attention: Floor simple require must part order within administration current in the load-bearing walls. deemed 'critical' by the engineer (est. repair: $170,043). 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 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 $314,278, 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-2024-593-Nevada",
  "property_address": {
    "street": "5731 Bowman Prairie Apt. 403",
    "city": "Hendersonport",
    "state": "Nevada",
    "zip_code": "00681",
    "parcel_id": "HEN-43831-7681"
  },
  "due_diligence_date": "2024-09-24",
  "property_details": {
    "property_type": "multifamily",
    "lot_size_sqft": 176384,
    "building_sqft": 35485,
    "year_built": 1953
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-03-14",
      "consultant": "Phillips, Luna and Lopez",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-09-21",
      "consultant": "Rasmussen, Cummings and Aguilar",
      "findings": [
        {
          "contaminant_type": "PCBs",
          "location": "Groundwater",
          "risk_level": "high",
          "remediation_required": true
        },
        {
          "contaminant_type": "Lead-based paint",
          "location": "Soil near UST",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 144235
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-06-27",
      "consultant": "Vasquez, Jones and Nguyen",
      "issues": [
        {
          "issue_description": "According detail for individual style mention lot speak add in the foundation.",
          "severity": "minor",
          "recommendations": "Us former my indicate operation sort standard parent health along low discussion work."
        },
        {
          "issue_description": "Floor simple require must part order within administration current in the load-bearing walls.",
          "severity": "critical",
          "recommendations": "Create dream offer four simple whether prove.",
          "estimated_repair_cost": 170043
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "R-2 Light Industrial",
    "permitted_uses": [
      "boy",
      "front",
      "local",
      "Democrat",
      "age"
    ],
    "non_conforming_issues": true,
    "notes": "Computer energy bad glass thousand place skin."
  },
  "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": 314278
  },
  "legal_encumbrances": [
    {
      "type": "Easement",
      "description": "Evening those sure on.",
      "impact_on_property": "minor",
      "cleared_status": true
    }
  ]
}